The Ontario Lottery and Gaming Corporation (OLG) has renewed the lease of Casino Niagara at its current location on Falls Avenue. The lease extension is for an additional 15 years, showing the Provincial Government’s confidence in the future of Niagara Falls. This commitment creates stability and certainty on which economic development and job creation can be built.
Niagara Falls, ON January 23, 2010 — Today brings great news for the city of Niagara Falls and the Falls Avenue Entertainment Complex.
The Ontario Lottery and Gaming Corporation (OLG) has renewed the lease of Casino Niagara at its current location on Falls Avenue. The lease extension is for an additional 15 years, showing the Provincial Government’s confidence in the future of Niagara Falls. This commitment creates stability and certainty on which economic development and job creation can be built.
“I am excited that we have this opportunity to bring hospitality & tourism jobs into the much needed private sector in Niagara Falls”, said Dino DiCienzo of the Canadian Niagara Hotels.
The 300 room 30 floor Hotel with a Falls view will be the first All-Suites Hotel in the Falls Avenue / Clifton Hill area.
The New Development will be physically connected to Casino Niagara, the Fallsview Indoor Waterpark, the Crowne Plaza Fallsview and other Falls Avenue venues including the many restaurants and attractions within the complex. This addition will bring new customers and growth opportunities to the existing businesses in the surrounding Niagara area.
“We will be moving quickly and expect to have shovels in the ground this year,” DiCienzo added. The new hotel is scheduled to open in 2012.
During its construction phase the new development is expected to involve many local construction firms, and other trade workers. Once complete, the hotel will create 250 direct, permanent full-time hospitality & tourism related jobs.
Expressing his support for the project, Niagara Falls Member of Provincial Parliament (MPP) Kim Craitor stated, “it is now clear that by keeping his promise to maintain two casinos in Niagara Falls, Premier McGuinty has not just saved thousands of local jobs, he has actually helped create even more jobs and investment”.
“Today is a great day for tourism and jobs in Niagara,” Niagara Falls Mayor Ted Salci added.
Canadian Niagara Hotels Inc. is a Niagara Falls based family owned business. It’s operations include: The Sheraton Fallsview Hotel & Convention Centre, The Crowne Plaza Niagara Falls – Fallsview, Days Inn at the Falls, Skyline Inn, Hampton Inn by Hilton at the Falls and numerous restaurants including the Hard Rock Cafe, Planet Hollywood, the Rainforest Cafe, Perkins and three Starbucks as wells as retail establishments such as the Hershey’s Store and MGM Studios Plaza. |
