We always get a little nervous in the bingo industry when large projects like the Pinnacle horse track arrive. With this big of an investment, it's likely only a matter of time before racinos (race tracks with slot machines) are talked about being legalized again. And, any new casino type establishment ultimately hurts charity bingos and their charitable causes.
Of course the issue preventing legalization is that the voters passed an amendment to the state constitution prohibiting new gaming without a vote. For the moment, that's a tough hurdle to overcome.
Below is an excerpt from the Detroit News article on Pinnacle:
"The earth movers are pushing tons of soil, carpenters are erecting barns at the rate of two a week and banker/investor/equestrian enthusiast Jerry Campbell says thoroughbred horse racing will return to the area next month as scheduled.
"I don't like all this rain we've been getting in the recent weeks, but it's going well," Campbell said Wednesday.
Construction of the new Pinnacle Race Course began about two months ago.
A July 18 date is set for the "soft opening" with races set to start that day. Construction will continue through the summer and will go through next year's 165-day horse racing season. When it's completed, the $142 million project will host a three-story, 60,000-square-foot clubhouse; a 4,000-seat grandstand; 30 barns and 1,200 horse stalls."
For the complete story, please see Steve Pardo, Workers rush to complete Pinnacle horse track as opening nears, The Detroit News, June 12, 2008.
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