This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Pinnacle Entertainment Announces Major Donations In St. Louis Designed To Boost Downtown Tourism

Stocks in this article: PNK

Great Rivers Greenway will receive the donation of a parcel of real estate currently owned by Pinnacle Entertainment, which is a key link in GRG's plans for a continuous River Ring greenway system to more fully connect the St. Louis region. The land is located east of Lumiere Place, bounded by Carr Street, Lenore K. Sullivan Boulevard, Dr. Martin Luther King Drive and North Commercial Street.  The donation of this land will also help with GRG's plans to raise the grade level of Lenore K. Sullivan Boulevard, designed to alleviate flooding of the street during most high water incidents common to this part of the Mississippi River and provide opportunities to enjoy the river on a promenade and a dedicated trail.  The connection of the Confluence and Mississippi River Greenways at the Arch will provide the backbone of the River Ring, allowing people to ride, walk and enjoy the river.

"The Pinnacle Entertainment land is a key link in our plans to build out the River Ring; it will allow development of a public park north of Eads Bridge and adjacent to the trail." said Susan Trautman, executive director of Great Rivers Greenway. "Thanks to Pinnacle Entertainment and Lumiere Place, people will have an opportunity to not only ride the trail, but will be able to spend time with friends and family in a vibrant public park adjacent to the Mississippi. We are deeply appreciative of their generosity."

The City of St. Louis will receive an additional $500,000 to fund supplemental police activities in the area, the nature of which will be determined by the City and the St. Louis Police. This donation will be paid in $100,000 increments over a period of five years.

In total, these donations fulfill a portion of the Redevelopment Agreement between Pinnacle Entertainment and the City of St. Louis, which called for the company to make additional investments and spur development in the area around Lumiere Place within five years of the property's opening. Lumiere opened on December 19, 2007.

2 of 4

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,921.10 +116.30 0.65%
S&P 500 2,073.33 +2.68 0.13%
NASDAQ 4,775.8820 +10.5020 0.22%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs