The developer behind the proposed $1 billion gambling complex in the Norcross area says he no longer controls the property where he was planning on building it, according to media reports.
Dan O'Leary told the Atlanta Journal-Constitution that they've extended the land contract seven times already on the OFS site, so they're taking a break from it. OFS is a fiber-optic company that only uses a portion of its multi-acre land off I-85 at Jimmy Carter Boulevard.
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O'Leary has constantly pushed the idea that the gambling complex would save the HOPE Scholarship. In addition to creating an annual estimate of $350 million for HOPE, the project would gain a projected $700 million in annual revenue and create 2,500 new jobs and a thousand construction jobs.
Other setbacks have stalled the project, too. In May, O'Leary went before the Georgia Lottery Board to give a proposal for his project in hopes of gaining approval of the use of video lottery terminals. But the board didn't move forward in making a decision because Gov. Nathan Deal doesn't support it.
In July, O'Leary made another proposal to the Gwinnett Village CID board, and he told Norcross Patch that the lottery board still hadn't done anything.
The AJC reported that there is still no sign from the board to approve the VLTs.
For more on this article, visit Norcross Patch.