Friday, May 29, 2009

Bethlehem Casino

My first professional job was as a management trainee at Bethlehem Steel in Lackawanna NY (just outside Buffalo). In June 1981 I was transferred to the Bethlehem Pennsylvania plant, since the company was closing my plant. I lasted about 8 months in Bethlehem before moving on to Boston and Northeastern University. So, I read with interest this story from the NY Times about a new casino that just opened in Bethlehem to take the place of the steel plant. Buffalo also has just opened a new casino - they tore down one of the city's historic grain elevators to build it - that city leaders hope will benefit the economy, but one wonders how large the market for casinos really is and what the real spill-over economic benefits will be as the number of casinos increases.

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