Central Atlanta Progress and the Atlanta Downtown Improvement District (CAP/ADID) recently released a report revealing data on the potential impacts of proposed casino gaming in the state of Georgia. In order to provide a neutral viewpoint on the issue, CAP/ADID selected Horwath HTL, among other advisory firms, to consider the proposed legislation and provide an expert outlook on the introduction of the casino industry at both the State and local area.
“In the past decade, Downtown Atlanta enjoyed more than $3.8 billion in investment,” explains Paul Breslin, Managing Director of Horwath HTL in Atlanta. “It is important, if not crucial, for future hospitality ventures to capitalize on this momentum, and ensure the right mix of development that would facilitate, not hinder, continued growth in Downtown.”
CAP/ADID’s final report concluded the following key takeaways:
Recently proposed legislation in Georgia would see the creation of two casinos in Georgia, one of which would require a minimum investment of $2.0 billion. At this early stage, much has been said about their implementation approach, the use of tax revenue generated, and their overall contribution to the local environment.
“We hope this study will allow all of us to better understand the ultimate impacts, both positive and negative, of casino gaming in our City, and, ultimately, our State’s economy. We are grateful to have had Horwath HTL as our hospitality experts for their contributions to our final report,” comments Alena Green, Project Manager of Economic Development at CAP.