Gardena is betting that adult entertainment mogul Larry Flynt’s takeover of a struggling casino will pay off with an economic resurgence that will preserve hundreds of jobs and generate extra tax revenue for city coffers, it was reported Wednesday.
On Saturday, Flynt plans to unveil the nearly $5 million in renovations he has made at the former Normandie Casino, which he renamed the Lucky Lady Casino.
In addition, Flynt has upgraded the 50,000-square-foot casino with a new paint job, fresh carpeting, chandeliers, furniture and flat-screen television sets, the Los Angeles Times reported. The casino added a new smoking area and remodeled its restaurant. And the 74-year-old Flynt says he isn’t done.
Architects are already drawing up plans for the possible addition of retail and office space on the 12.5 acres surrounding the casino, according to Flynt, who says he is willing to spend up to $60 million on the property over the next few years.
“It will do good for Gardena, Flynt told The Times in an interview.
Gardena officials hope he is right. After disputes over his contributions to the city and the provocative sign placed at the front of the casino, Flynt and the city have reached an agreement that both sides anticipate will generate profits for Flynt and economic renewal for the city, The Times reported.
I personally believe this will be a shot in the arm for the street,” Gardena City Manager Mitchell Lansdell said of West Rosecrans Avenue, where the Lucky Lady Casino is surrounded by strip malls, an aging apartment complex and a welding supply warehouse, according to the newspaper. The casino is licensed to operate 60 tables and employs about 400 people.
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