By Wyatt Earp | January 4, 2011
You’ve gotta hand it to outgoing PA Governor Ed Rendell: He’s forgotten more about corruption than the rest of us will ever know. Take this story, for example, where he screws his longtime supporters out of millions, then shrugs his shoulders when their casino license falls through.
Gov. Rendell yesterday said that state legislators and the Gaming Control Board should study whether Philadelphia needs a second casino, now that a license held by a group of his longtime supporters has been revoked.
The Gaming Control Board on Dec. 16 revoked the license of a group of local investors who once planned to open a casino on Columbus Boulevard at Reed Street. The board acted after the investors submitted incomplete paperwork for a new deal to have Caesars Entertainment, which runs Harrah’s in Chester, take over the South Philly project. Stephen Cozen, an attorney for the local investors, declined to comment on Rendell’s remarks.
“We paid $50 million for a license,” Cozen said of the casino investors. “We have an investor and an operator ready to build the second casino. And if we have to exhaust our appellate rights, no matter how long it takes, that is our present intention.”
So, Rendell decides to eliminate a second casino because his friends’ license was revoked. Color me shocked. If there was ever any doubt that Ed Rendell is the most corrupt politician in Pennsylvania, consider this: He took his backers’ money for his election coffers, and gladly accepted their $50 million license fee. Then, when the license gets revoked, he laughs all the way to the bank.