Deal For Sale Of Rocky Gap Lodge Awaits Maryland's OK
HAGERSTOWN, Md. (AP) -- Maryland's Board of Public Works is poised to approve a $9.8 million deal enabling a casino operator to buy the Rocky Gap Lodge and Golf Resort near Cumberland.
The panel consisting of the governor, treasurer and state comptroller will consider the matter during a meeting Wednesday in Annapolis.
A unit of Lakes Entertainment Inc. of Minnetonka, Minn., must buy the struggling resort as a condition of its license to operate up to 1,000 slot machines there.
The resort inside Rocky Gap State Park is one of five approved casino sites in the state. It is owned by the Maryland Economic Development Corp.
MEDCO Executive Director Robert Brennan says the purchase will create hundreds of new jobs and help turn the resort into a more stable anchor for economic growth.
(Copyright 2012 by The Associated Press. All Rights Reserved.)
