Casino - College Township, Press Release

Casino - College Township, Press Release

From: Adam Brumbaugh, Township Manager
Re: Local Impact Report for Proposed Category 4 Casino at Nittany Mall
Date: March 3, 2021

PRESS RELEASE:
College Township Receives Local Impact Report for Proposed
Category 4 Casino at the Nittany Mall

On Tuesday, March 2, 2021, College Township received, via certified mail, a statement from the Ballard Spahr
Law Firm in Philadelphia formally transmitting a Local Impact Report as required by the Pennsylvania Gaming
Control Board (PGCB) process. Said report indicated the location of the proposed Category 4 Casino as the former
Macy’s Department Store in the Nittany Mall at 2901 East College Avenue, State College, PA. Media coverage is
also reporting that the application submitted by the winning bidder of the Category 4 casino license, Ira Lubert,
similarly indicates the former Macy’s location.

In 2006, College Township established the zoning provisions that currently exist in the area encompassing the
Nittany Mall. These zoning provisions allow for “gaming establishment” uses in the area of the Nittany Mall and
thus the former Macy’s location. Those provisions have remained generally intact to date. Based on them already
being in existence, when the PGCB asked municipalities in 2017 to choose whether to allow or not allow their new
Category 4 licenses, College Township chose not to “opt out” of accepting a Category 4 license within the
Township.

In September 2020, Mr. Lubert, a Penn State alumnus, current member of the Board of Trustees and the chair and
co-founder of Philadelphia based, Independence Capital Partners and Lubert Adler Partners LP, successfully bid on
a Category 4 casino license. The winning bid further identified the location of this new casino as anywhere within
a 15-mile radius of Unionville Borough, Centre County.

Bally’s Corporation announced in January 2021 that it had signed an agreement with Mr. Lubert to develop this
planned $120 million mini-casino in Centre County. While the specific location was not named, the Bally’s press
release stated it would be located ‘near the Nittany Mall.’

Prior to receipt of the March 2, 2021 correspondence, College Township had not received official word of the
proposed casino location, but had been contacted by a consulting firm from Philadelphia tasked with completing
the now received Local Impact Report for Mr. Lubert/Bally’s casino. As part of this study, the consultant
interviewed various members of Township staff and several regional officials, including police chief and the fire
director.

College Township has been proactively monitoring the developments related to the proposed Category 4 Casino
and intends to perform its due diligence on any regulatory reviews that may be required.
To ensure the residents of College Township and the region have the most up to date information, a Casino Fact
Sheet, which includes a copy of the Local Impact Report, has been uploaded for public review on the township
website at www.collegetownship.org.