ary Armentrout, Foxwoods President, told commissioners before the vote that the project would be funded entirely with cash and could be up and running 20 months after it is finalized.
"We have the site, we have the project, we have the funding and we have the management to develop and operate a first-class gaming facility in south-central Kansas," Armentrout said.
The contract will be sent to the state's seven-member casino review board by the end of the week. The board will have 60 days to conduct a series of hearings with county residents and consultants before deciding whether to approve it. It could ask for a 60-day extension from the governor if it needs more time. The board also will receive two contracts for Wyandotte County on the same day.
If the review board approves the contract, the Kansas Racing and Gaming Commission would have 10 days to conduct background checks, but is likely to ask for a 60-day extension.
The Chisholm Creek Casino Resort would be southwest of the Mulvane Turnpike interchange between the Turnpike and US 81 about a half-mile south of K-53.
Keith Kocher, the lottery's gaming facilities director, said the 15- year contract calls for an initial investment of us$ 153 million in a 20-month first phase, with the rest of the us$ 225 million minimum investment required by state law to be spent over the next 10 to 12 years.
Armentrout has said the first phase would develop a casino with up to 1,500 slot machines and 30 table games; a deli, buffet and steak house; and a police, fire and ambulance facility.
Components to be added in the next phase would depend on the market, he has said. Lakes and Foxwoods are searching for a third party to build a hotel on the site with at least 150 rooms. Developers hope to open the hotel about the same time as the casino.
Money invested in a hotel would be part of the required us$ 225 million minimum investment, Kocher said.