Excerpts from the article:
Though casinos have been taking up temporary quarters in and around the Motor City during the past handful of years, permanent facilities are finally scheduled to break ground within the next six months. When completed by early 2008, Greektown Casino, MGM Grand Detroit Casino and MotorCity Casino will add 400 room hotels, 100,000 square feet of gaming space, as well as convention facilities, restaurant and retail space to the area.
"This type of thing helps a lot, directly in construction of course," says Jacob L. Miklojcik, president of Michigan Consultants, a casino/gaming consulting service based in Lansing.
In one report, Miklojcik predicted that the construction and creation of the casinos could generate up to $1 billion to the local economy. Additionally, he tells GlobeSt.com that casinos tend to create "oodles of subcontractors.”
He adds that subcontractors are businesses that do everything from cleaning the carpets, to balancing the books, to promoting the casinos. The implication is that a growing base of subcontractors could lead to a growing need for business space for such contractors. “I don't think that's fully appreciated — that 18 percent to 22 percent of revenues from these businesses end up to subcontractors," he says.
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