Pittsburgh Casino Financing in place,finally

Pittsburghs big casino project finally has financing. Its about time. Now time to start pushing forward fast growth on this new casino.

After more than 18 months of false starts, the money is in place to build Pittsburgh’s casino, the new owners announced Tuesday.

The investment team that took control of the casino last week closed on more than $550 million in loans, said Dan Fee, spokesman for the owners. Workers returned to the North Shore construction site shortly before the deal was finalized and began preparing equipment idled at the end of June, when former owner Don Barden ran out of money.

“With the closing of the financing, we are excited to restart construction immediately and build and operate a world-class facility of which Pittsburghers can be proud,” said Greg Carlin, CEO of Holdings Acquisition, the company that will operate the casino. Carlin runs the casinos owned by Chicago billionaire Neil Bluhm, who leads the investment te

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