State College, PA – In a surprising turn of events, Bally’s Corporation has announced their decision to withdraw from the planned Nittany Mall casino project. The news came as a shock to many residents and officials in State College, who were eagerly anticipating the development of the new casino.
Bally’s had been selected as the developer for the project last year and had been working closely with local officials to bring the casino to fruition. However, in a statement released on Tuesday, Bally’s cited “unforeseen circumstances” as the reason for their decision to withdraw from the project.
Despite this setback, officials from the Pennsylvania Gaming Control Board have confirmed that the project will “proceed as planned” with a new developer stepping in to take over for Bally’s. The decision to proceed with the project was made in order to ensure that the local economy would not suffer any further delays.
“I am disappointed to hear that Bally’s has decided to withdraw from the project, but I am confident that we will find a new developer who is just as committed to bringing the casino to State College,” said Mayor Ron Filippelli. “This project is crucial for the economic growth of our community and we will do everything in our power to see it through to completion.”
The Nittany Mall casino project has been a topic of debate in State College for several years, with some residents expressing concerns about how the casino would impact the local community. However, supporters of the project have argued that the casino would create jobs and bring much-needed revenue to the area.
With Bally’s out of the picture, local officials are now tasked with finding a new developer to take over the project. It is unclear at this time how long this process will take, but officials are hopeful that a new developer will be in place soon.
In the meantime, residents of State College are left wondering what the future holds for the Nittany Mall casino project. Despite the setback, many are optimistic that the project will still come to fruition and bring much-needed economic growth to the area. Only time will tell what the future holds for the planned casino.