Archer picks casino bids

DETROIT (AP) - Mayor Dennis Archer yesterday announced that he has chosen the two casino applicants with legal preference - Atwater/Circus Circus and Greektown - along with MGM Grand as prospective casino licensees.

Left out was Mirage Resorts, which had remained in the running when Archer narrowed the choices from seven to four earlier this month and said he needed more time to study the proposals before making the final cut.

"The significance of these developments cannot be overstated, for they will have profound impact on the social and economic fabric of our city and our state well into the 21st Century," Archer said.

"Although casinos are not a panacea for our city, they will play a key role in our efforts to further develop and revitalize our downtown," Archer said. "If we want to reap the economic social and community benefits that we expect to derive from gaming, we must make wise and prudent decisions in this project and select those proposals that will give us greater assurances of long-term stability."

Archer must now negotiate development pacts with each winner. The City Council must approve those agreements, which then will be reviewed by the Michigan Gaming Control Board before any license is issued.

11-21-97

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