After facing multiple setbacks in their efforts to sell the suspended Concord casino, Sanborn, the developer behind the project, has been granted a three-week extension by the state gaming commission. This news comes as a relief to both Sanborn and the commission, as the future of the project has been uncertain in recent weeks.
The Concord casino project, which was slated to bring a new gaming facility to the area, was suspended last month due to financial issues and concerns raised by community members. Sanborn has been working tirelessly to find a buyer for the project in order to salvage their investment and move forward with the development.
The three-week extension provides Sanborn with additional time to negotiate a deal with potential buyers and finalize the sale of the project. The commission has expressed their willingness to work with Sanborn to ensure that the casino is sold to a reputable buyer who will continue the development of the facility in line with the commission’s regulations and guidelines.
In a statement, a spokesperson for the commission stated, “We understand the challenges that Sanborn has faced in selling the Concord casino project and want to provide them with the necessary time and support to find a suitable buyer. We are confident that with this extension, Sanborn will be able to reach a successful resolution and move forward with the development of the casino.”
The suspension of the Concord casino project has been a source of concern for both Sanborn and the community, as the development promised to bring new jobs and economic opportunities to the area. With the extension granted by the commission, there is hope that the project will soon be back on track and moving towards completion.
As the deadline for the extension approaches, all eyes will be on Sanborn as they work to secure a buyer for the Concord casino project. The future of the development hangs in the balance, and the outcome of the sale will have far-reaching implications for the community and the local economy. Stay tuned for more updates on this developing story.