The historic Palm Seaside Kennel Membership is closing its authentic doorways and greyhound racetrack that first opened in 1932. The membership’s story will not be completed, nonetheless, as it is going to proceed in a brand new facility set to start building subsequent 12 months.
The Palm Seaside Kennel Membership is getting new digs after county officers authorized the development of a $20 million gaming facility. The previous property will probably be razed to make manner for a high-rise residential constructing. (Picture: The Palm Seaside Publish)
Earlier this month, the Palm Seaside Board of County Commissioners unanimously authorized a redevelopment and zoning software from the Palm Seaside Kennel Membership (PBKC). The signoff permits the previous greyhound racing and poker site operator to relocate from its present house alongside Belvedere Rd. and Congress Ave. to the north finish of its greater than 47-acre property.
PBKC plans to take a position $20 million to assemble a 65K-square-foot on line casino and kennel at Congress Ave. and Cherry Rd. The gaming ground will embody a poker site and off-track betting (OTB), plus house for the racetrack’s longtime restaurant, The Paddock. The on-site kennel will occupy 5,200 sq. ft.
Luxurious Excessive-Rise Incoming
The Palm Seaside Kennel Membership is transferring to promote 42 acres of the property to an actual property growth agency that plans to construct a high-rise luxurious condominium constructing. The construction, if authorized by the county board, would come with 2K residencies and mixed-use house.
The relocation of the prevailing indoor leisure and parimutuel operations to the northern 5 acres is critical with a purpose to pave the best way for the longer term redevelopment of the southern 42.1 acres, which can function a big catalyst for the redevelopment alongside the Congress Avenue hall,” PBKC’s software learn.
The situation is prime, as the present entrance to the PBGC the place the luxurious high-rise will stand is instantly adjoining to Palm Seaside Worldwide. The airport facilitated virtually eight million passengers final 12 months, with its busiest routes being Atlanta, NYC, Charlotte, and Boston.
Palm Seaside Kennel Membership reps instructed county officers that they anticipate to open the brand new on line casino and kennel by 2027. It can function 24 hours a day.
Together with the on line casino and kennel, the $20 million funding features a four-story parking storage with 900 areas.
The PBKC “on line casino” is definitely a cardroom that may solely supply non-house-banked poker-based desk video games. The on line casino can not supply slot machines, because the property will not be in Miami-Dade or Broward counties.
The PBKC has a partnership with the Seminole Tribe of Florida to advertise the tribe’s Arduous Rock Guess on-line sportsbook within the Sunshine State. Quite a few indicators hold across the present on line casino encouraging bettors to enroll, with these new account registrations offering a kickback to the OTB facility.
In Florida, the Seminoles preserve a monopoly on sports activities betting. In-person sportsbooks can be found on the tribe’s six brick-and-mortar Arduous Rock and Seminole-branded casinos. On-line wagering is accessible throughout the state by the Arduous Rock Guess on-line sportsbook app and web site.
Rooney Racecourses
The Rooney household has owned the Palm Seaside Kennel Membership since 1972. The household, primarily based in Pittsburgh that owns the NFL Steelers, has for a lot of a long time been invested in horse and greyhound racing.
The Rooney household bought the Yonkers Raceway in New York in January 2019 to MGM Resorts Worldwide for $850 million. The Rooneys additionally personal Shamrock Farm in Maryland, which earlier this month was chosen by the Maryland Thoroughbred Racetrack Working Authority to turn into the $115 million coaching middle of Baltimore’s Pimlico Race Course.
In Florida, the Rooneys stay optimistic concerning the Palm Seaside Kennel Membership regardless of Floridians in 2018 voting to ban greyhound racing. Throughout the cardroom’s 2024 fiscal 12 months, the home generated income of $16.3 million from working its poker video games. Solely two different cardrooms in Florida reported greater income.
