Racetrack and Casino in Balzac - What it means for Airdrie

After years of rumors and waiting, Century Casinos has finally announced that the "Century Downs Racetrack and Casino" project has received approval and development permit from Rocky View County. Construction at the site can start anytime now. Depending on weather conditions, stripping and grading is planned to begin within the next few weeks.

Century Downs Racetrack and Casino is located less than one mile north of the city limits of Calgary and less than 5 miles from Airdrie city limits. The location is ideally located just off of Queen Elizabeth II Highway, a convenient drive for Calgary and Airdrie residents alike! With the new Stoney Trail ring road access to the area, we are sure it will bring visitors from all parts of the city.

With the lack of a casino in Airdrie, this is sure to boost popularity to the area due to its proximity to the major tourist attraction. The vast amount of lands from Crossiron Mills Mall to Airdrie sits quietly for now as a blank canvas ready for new commercial developments and we are very excited to see what plans the city has for us in the future!

Last year, the city announced a new Asian mega mall, New Horizon Mall, located east of QEII and south of Crossiron Mills mall, set to break ground in late 2014 and to open late 2016. More than 80% of units were sold in the open house weekend in late October 2013. View the Youtube video on the mall www.youtube.com/watch?v=I6Y6yfMFb2c

Century Casinos, Inc. is an international casino entertainment company that owns and operates Century Casino & Hotels in Cripple Creek and Central City, Colorado, and in Edmonton, Alberta, Canada and the Century Casino in Calgary, Alberta, Canada. The Company also operates casinos aboard twelve luxury cruise vessels (Regatta, Nautica, Marina, Riviera, Mein Schiff 1, Mein Schiff 2, Wind Surf, Wind Star, Wind Spirit, Seven Seas Voyager, Seven Seas Mariner and Seven Seas Navigator).

Erwin Haitzmann and Peter Hoetzinger, the Company's Co CEOs remarked: "We are excited about the go-ahead received from Rocky View County and are grateful for the tremendous support the project continues to receive from local and provincial communities and regulatory authorities." Referring to the fourth quarter results to-be-announced on March 31, they continued: "Regional gaming revenues across North America suffered at the end of 2013 in virtually every market, as did our operations. Together with higher corporate expenses associated with new project developments, results for the fourth quarter 2013 will be behind expectations."

View Century Downs Racetrack and Casino's website at http://centurydowns.cnty.com/ to stay updated with the progress.

Take this as an "insider tip" to invest in the Airdrie real estate market now before these projects are completed. Call me now to start your search for a property in Airdrie!

Source: http://finance.yahoo.com/news/century-casinos-receives-development-approvals-220000277.ht

Andre Aubut

Andre Aubut

Associate Broker
CENTURY 21 PowerRealty.ca
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