BANGOR – City officials are gearing up to tackle more of the details surrounding the development of a $90 million gambling complex across Main Street from Bass Park.
During the City Council’s next regular meeting, set for 7:30 p.m. Wednesday, the councilors will be asked to authorize a final lease agreement between the city and Bangor Historic Track Inc.
Bangor Historic Track is a subsidiary of Penn National Gaming Inc., which last November opened a temporary slots facility called Hollywood Slots at Bangor in the former Miller’s Restaurant building on Main Street. That facility features about 475 slot machines.
The lease agreement is being updated in anticipation of the Pennsylvania-based racing and gaming company’s next move, which calls for construction of a permanent gaming complex on the so-called Riverside Block across Main Street from Bass Park.
The permanent complex will house up to 1,500 slot machines, the maximum now allowed under state law.
According to city documents related to the deal, the lease agreement is being changed to include the empty lot behind the Irving Mainway store on Main Street, which until recently served as an overflow parking area. The lot now is being eyed for staff parking for the permanent racino, tentatively slated to be completed in 2008.
The amended lease will include a provision establishing a payment arrangement for the use of the lot, which is part of the Bass Park complex.
Other changes will update Hollywood Slots’ real estate and personal property taxes obligations.
In a related move, councilors also will consider a letter of agreement conveying to Bangor Historic Track a narrow strip of city land that abuts the rear side of the project site, and making the former railroad roundhouse site available as a staging area during the construction phase.