Assessing Competing Casino Projects in Philadelphia

Economic Impact Evaluation: Philadelphia Casinos

Project

Economic Impact Evaluation: Philadelphia Casinos

Location

Philadelphia, PA

Client

Philadelphia Department of Commerce

AKRF’s Economic and Real Estate Advisory Services group recently provided support to the Philadelphia Department of Commerce in its assessment of six casino projects competing for Philadelphia’s second casino license.

The scope of work included:

  • Evaluating the economic and fiscal benefits of each project
  • Helping the Department of Commerce understand the differences in methodologies and assumptions used for each casino application
  • Estimating net gaming tax revenues to the City based on forecasted market conditions
  • Estimating each project’s potential to induce economic activity

Economics Overview