Cryor to BCEG: YOU JUST LOST ONE.*
He told us that he wrote a letter to Canadian home builder Michael Moldenhauer, the head of the Baltimore City Entertainment Group, informing him of the decision. Cryor said: “I wished him well. I severed my tie.”
The Baltimore City Entertainment Group (BCEG) was the sole group bidding to build a casino in Baltimore. They estimated they could earn $500 million a year in gaming revenues by building a slots parlor near the M&T Bank Stadium.
Their first plan was to construct a mirco facility with 500 slots machines on city land, but they quickly pledged to create a larger venue. The group was unable to deliver the necessary fees for the bigger casino and could not convince the state slots commission that their enhanced proposal would be viable. Their bid was rejected in December.
Moldenhauer and the BCEG have appealed the state’s decision. Cryor said in a brief interview that his interest in the slots project was to bring jobs and revenue to cash-strapped Maryland. “A protracted appeals process lengthens that time,” he said. A contentious appeal “is not the relationship I want to have with my city and state.”
*apologies to Lauryn Hill