KANSAS SPEEDWAY/CORDISH CO. PROPOSE $700 MILLION HARD ROCK HOTEL & CASINO

KANSAS CITY, KAN. — Kansas Speedway and The Cordish Company (Kansas Entertainment LLC) have proposed a 1.5 million-square-foot Hard Rock Hotel & Casino, which would be located in Kansas City Speedway’s Turn 2, with strong visibility and access to Interstates 70 and 435. The facility will include a 300-room luxury hotel; a state-of-the-art casino with 3,000 slot machines and 140 gaming tables; 275,000 square feet of retail, dining and entertainment product, including a live music venue; and meeting and convention facilities. The project cost is estimated at more than $700 million. As part of the proposal, a temporary casino would be able to open within 8 months. Operating during construction, the temporary casino will include 2,000 slot machines and 75 gaming tables.