From the Detroit News (via Pechanga):
Could the big empty shell of a room tucked away in a corner of Greektown Casino-Hotel’s downtown complex serve as a viable event center?
That’s the question facing bankruptcy judge Walter Shapero this afternoon as he tours what Greektown lawyers call an event center and what attorneys for the City of Detroit are calling a breach of contract.
Greektown is arguing for a tax rollback from the city and state that would save it millions a year in taxes levied on gaming revenues. That rollback is dependent on compliance with a revised development agreement approved by Detroit City Council in 2006.
Greektown wants Judge Shapero to rule that the casino has complied with the agreement, opening the door to lower taxes and giving the casino the ability to transfer the agreement, along with the lower tax rate, to a new owner should it decide to sell.
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