![]() Rush Street plans to invest more than $300 million in the Portsmouth project, which is expected to create 1,300 permanent jobs, along with 1,400 construction jobs. ![]() Its casinos in Des Plaines, Illinois and Philadelphia don’t have hotels. Its casino in Schenectady, New York has a hotel, and one is in the works at its Pittsburgh casino. If Portsmouth’s casino earns a profit of $175 million in one year or $250 million over two years while competing against Norfolk’s casino, then Rush Street must begin building the hotel within a year.īut if work on the hotel hasn’t started after four years of the Portsmouth casino being open, then the city’s economic development authority takes over the project and can seek a new builder.īarnes said he wants the casino to succeed and benefit the city, but the flexibility in the development agreement creates uncertainty, making it feel more like a handshake deal than a binding document. E-Pilot Evening Edition Home Page Close Menu
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