The Bossier City Council has unanimously adopted an ordinance authorizing a lease agreement to allow the Margaritaville Casino and Resort to move forward.
The city is leasing the casino three parcels of land on the riverfront. Margaritaville will have the option to purchase the land at a later date.
Developers plan to break ground in January.
The Louisiana Gaming Board today approved a license for the newest casino riverboat in Bossier City. Paradise Casino plans to build the barge and hotel where the city dump used to be, right on the Louisiana Boardwalk. It comes after an ailing Lake Charles casino reported less than $2 million per month in earnings...and that's low for a riverboat.
The new casino will have a Margaritaville themed multi-use center with restaurants, buffets, and 400 rooms in all. But it only comes if the voters approve it. "The upside is it's going to be more revenue for the city, more employment for the city, and I understand it's a class act so I think people will really enjoy it," says Bossier City council member James Rogers.
But not everyone is happy about the casino. "It will cause competition. I mean, it mght take some of the customers from the other [casinos]," says Diamon Brazil. No matter where they stand on the issue, Bossier City voters will have the chance to have their voices heard. The vote is slated for November.
If approved, construction would begin early next year...and Margaritaville could open in May 2013.