Pinnacle Entertainment confirms construction details

Friday, June 3, 2011 - 3:35pm

Pinnacle Entertainment filed an 8K disclosing some changes to their construction services agreement for L'Auberge Baton Rouge. There is now a guaranteed date of completion by May 31, 2012 and a maximum construction price of $229 million. Obviously Manhattan Construction Company is gambling that first low water and then high water is the worst that can happen and that the odds are in their favor that things will be calm for the next few months so they can finish the project. The 8K also said the amendment includes an updated scope of the project to include a 206 room hotel, three level parking garage, hotel rooftop swimming pool and the relocation of River Road. The original agreement called for a 100 room hotel, two level parking garage and a swimming pool.

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