Developer takes step back from Lake Worth Casino - Fox29 WFLX TV, West Palm Beach, FL-news & weather

Developer takes step back from Lake Worth Casino

picture by wptv picture by wptv

A developer proposing to make changes to the Lake Worth Casino complex is taking a step back.

Hudson Holdings announced in a letter to the city that it is withdrawing from negotiations.

Developer Steven Michael said, "(the) process has been derailed by a lack of clear direction and structure."

Taxpayers are on the line for hundreds of thousands of dollars in shortfalls; this and the need for capital improvements is crippling the center, city manager Michael Bernstein said.

Bernstein says the city is trying to come up with a solution to these two problems; they thought by bringing in a developer to enter a public-private partnership it would help.

Hudson Holdings, the owners of the Gulfstream Hotel in Lake Worth, stepped up to the plate. They presented a plan including a restaurant, retail complex, spa and a new wave pool.

But with opposition from some residents, Hudson Holdings says "the goal post continued to move and visions continued to change."

Steven Michael says this is just a break, they are interested in a future with the city but would like a narrow focus before moving forward.

Copyright 2015 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Powered by Frankly

1100 Banyan Blvd.
West Palm Beach, FL 33401

FCC Public File
EEO Report
Closed Captioning

All content © Copyright 2000 - 2018 Raycom Media. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.