FOXWOODS CASINO PHILADELPHIA PETITIONS PENNSYLVANIA STATE SUPREME COURT FOR ZONING RELIEF

• Re-establishing and updating the coordinated traffic system on South Columbus Boulevard;
• Widening one street, constructing double-left turn lanes at certain intersections and restriping other intersections to enhance the flow of traffic;
• Creating signalized intersections at two of the streets along South Columbus Boulevard.

• Implementing changeable message signage to route motorists to the least congested route to the site;
• providing additional queuing on site to prevent traffic from spilling back onto Columbus Boulevard;
• working with SEPTA and tour bus operators to reduce the number of cars coming in and out of the casino;
• working to establish a water taxi service to facilitate easy access to attractions along the Delaware River; and
• providing off-site parking and shuttle service for employees. 
   
  

• Total project budget of $986 million (all three phases)
• Total project space of 3.7 million square feet (all three phases, including parking garage) 
• Scheduled for completion November 2008
• Location: 16.5 acres at South Columbus Boulevard between Reed and Tasker streets

• Development:  3,000 slot machines, 2,000 seat showroom, 4,200 space parking garage, entertainment lounge, retail shops and food and beverage offerings.
• Budget $560 million
• On going Annual Economic Impact       City - $25.3 million in taxes, 2,898 jobs
                                                              State - $197.2 million in taxes, 5,457 jobs         
• Annual Tourism/Visitor Impact:             Overnight - 300,000          Daytrip - 2.2 million     
                                                              Direct Spending: $107 Million

• Development:  2,000 additional slot machines, 1,200 additional parking spaces and additional food and beverage offerings. The addition of a Riverfront Promenade entertainment district including additional nightlife, casual dining, boutique shopping and a water taxi.
• Budget $223 million
• On going Annual Economic Impact:       City - $35 million in taxes, 4,388 jobs
                                                              State - $271.9 million in taxes, 8,201 jobs
• Annual Tourism/Visitor Impact:             Overnight - 500,000     Daytrip - 3 million
                                                              Direct Spending: $180 Million

• Development:  First-class 500-room hotel, 21,000 square foot full-service spa, 120,000 square foot meeting and conference room space and potential residential condominium tower.
• Budget $203 million
• On going Annual Economic Impact:       City - $41.8 million in taxes, 5,741 jobs
                                                              State - $307.5 million in taxes, 10,649 jobs
• Annual Tourism/Visitor Impact:             Overnight 600,000    Daytrip 3.3 million
                                                              Direct Spending: $250 Million

• Billy King
• Quincy Jones
• Garry Maddox
• Robert Levy
• Dawn Staley
• Peter DePaul
• Fred Tecce
• A.J. Agarwal
• Sylvia DiBona

• The Rubin Family Charitable Foundation
• The Silver Family Charitable Foundation
• Ed Snider

• Special Services District: Foxwoods Casino Philadelphia will work with the community to determine funding levels to annually support s number of community initiatives, including traffic mitigation, education, safety and security, additional city services and senior citizens programs.
• Charitable Contributions: With a commitment to permanently fund charities, at least 42 percent of total profits will go to charitable causes primarily focused on disadvantaged children in Philadelphia and the Delaware Valley.

Foxwoods Casino Philadelphia Statement on the Award of

Category 2 License from the Pennsylvania Gaming Control Board
 
Foxwoods Casino Philadelphia would like to thank the Board for their support and confidence in our project.  We look forward to bringing our world-class reputation and service, as well as philanthropic and economic opportunities to the region in a way that only Foxwoods can.
 
Over the past several months, we have been out in the neighborhoods of South Philadelphia, introducing ourselves.  Wed like to take this opportunity to thank all of those who have supported us throughout this process. Now that weve been granted a license, were anxious to begin working with our neighbors to become an integral part of the community.

FOXWOODS CASINO PHILADELPHIA, THE PARTNERSHIP

• The Rubin Family Charitable Foundation was established by Ronald Rubin, CEO of PREIT and a Philadelphia-based real estate developer, whose holdings include the historic Bellevue, and other properties. 
• The Silver Family Charitable Foundation was established by Melissa Silver, daughter of Lewis Katz who is a partner of the NBAs New Jersey Nets and a partner in the YankeeNets, the entity that owns the NY Yankee baseball team and the YES cable television network. 
• Ed Snider is the Chairman and part owner of Comcast Spectacor whose holdings include the NHL Philadelphia Flyers and the NBA Philadelphia 76ers.

• Billy King, 76ers President and General Manager
• Quincy Jones, world-renowned music genius
• Peter DePaul, developer
• Garry Maddox, businessman and former Phillies centerfielder
• Robert Levy, Atlantic City Race Track owner
• Dawn Staley, Temple Womens Basketball Coach
• Fred Tecce, local attorney and businessman
• A.J. Agarwal, senior managing director of The Blackstone Group, an investment and advisory firm
• Sylvia DiBona, wife of the late Independence Blue Cross President and CEO G. Fred DiBona, Jr. and chair of the foundation that continues his legacy
• The Mary Mason Community Foundation, founded by WHAT 1340 AM talk show host Mary Mason
• Alan Steinberg, local businessman

At least 42 percent of the projects profits will fund charitable causes

Foxwoods Casino Philadelphia will also support a special services district

Foxwoods Casino Philadelphia Pledges Support for Traffic Improvements, Special Services District for South Philadelphia

Philadelphia, PA (April 10, 2006) Foxwoods Casino Philadelphia officials today pledged to make annual contributions to neighboring communities to improve traffic in the area, as well as to support a special services district.  This commitment is in addition to the 42 percent equity that will permanently fund charitable causes in the Delaware Valley.
Historically, Foxwoods has prided itself on being a good neighbor, said Gary Armentrout, chief development officer of Foxwoods Development Company. Foxwoods has committed to bringing the social consciousness we are known for in Connecticut to our community in Philadelphia.
The Rubin Family Charitable Foundation, The Silver Family Charitable Foundation and Ed Snider - the local partners owning more than 42 percent equity of the casino group - have irrevocably committed to use 100 percent of their profits for charitable causes in the Philadelphia region.  This amount is projected to be in excess of $300 million over a ten- year period. 
In addition to that commitment, Foxwoods will work together with community leaders to determine the level of funding needed to support a variety of purposes, including education, safety and security, traffic flow, additional city services and senior citizen programs in the neighborhoods adjacent to the Foxwoods project.

Foxwoods Casino Philadelphia Announces
Traffic Mitigation Plans
Mandate to traffic engineers: Improve flow over current conditions

Philadelphia, PA (April 10, 2006) - In testimony at public hearings before the Pennsylvania Gaming Control Board today, Foxwoods Casino Philadelphia officials announced a traffic mitigation plan that would not only alleviate increased traffic resulting from the casino, but improve traffic flow over existing conditions and take into account other nearby development.
When we brought traffic engineering firm Orth Rodgers and Associates into this project, we gave them a specific mandate:  Make traffic on Columbus Boulevard better than it is today, said Gary Armentrout, chief development officer for Foxwoods Development Company. 
Traffic issues are a mutual concern for the South Philadelphia community and Foxwoods Casino Philadelphia.  Casino officials say they want to resolve the problems both to be a good neighbor, as well as to make travel into and out of the casino as stress-free as possible for their customers.

Armentrout noted that Foxwoods set a higher standard for traffic improvement than is required by the City of Philadelphia for developers.   While developers typically only offset the impact of the traffic their projects create, the Foxwoods plan mitigates existing traffic problems, and addresses traffic from other developments in the area.  When the details of our traffic mitigation plan are examined, it will be clear that our plan not only addresses any additional traffic Foxwoods might generate, but it mitigates
existing traffic problems and traffic impacts from other developments in the area, said Jeffrey Greene, a principal with the traffic engineering firm Orth-Rodgers and Associates.
Plans to alleviate traffic congestion on South Columbus Boulevard include:
  Restoring and improving traffic signal coordination.  This entails working with an existing system that would be updated or repaired
  Major improvements to five intersections on Columbus Boulevard including:
  Constructing a northbound double left turn lane at the I-676 and I-95 ramps to eliminate the back-ups onto the through lanes of northbound Columbus Boulevard
  Constructing a northbound double turn lane at Washington Avenue, re-striping the eastbound Washington Avenue approach for a double left turn lane and providing sufficient walk time for a pedestrian to cross Columbus Boulevard without having to walk through turning traffic 
  Re-striping the eastbound Reed Street approach for three lanes and allowing left turns from the center and leftmost lane of the approach and re-striping the west approach to provide room for westbound traffic to bypass movie theater traffic and three eastbound lanes to reduce the current back-ups affecting all approaches of the intersection
  Widening westbound Tasker Street to provide two approach lanes at Columbus Boulevard
  A new signalized intersection at the Morris Street I-95 on ramp to intercept northbound Columbus Boulevard traffic that U-turns at Dickinson Street
Even with the addition of Foxwoods traffic in the first phase of the project, these improvements alone will reduce total intersection delay by 32 percent during the Friday afternoon peak hour and 20 percent during the Saturday peak hour for the nine primary intersections on Columbus Boulevard, according to Greene.
To address traffic from Phase II of the casino and traffic generated from other nearby developments, Foxwoods Casino Philadelphias plan calls for a new ramp from southbound I-95 to Columbus Boulevard, connecting directly to Columbus Boulevard at Dickinson Street.  Foxwoods traffic engineers project as much as one third of southbound I-95 traffic currently exiting at the existing double slide under ramp to travel south on Columbus Boulevard will use the new Dickinson Street off-ramp.
With the new ramp and the Columbus Boulevard Intersection improvements, total intersection delays will be reduced by 38 percent over current conditions during the Friday afternoon peak hour, and by 6 percent during the Saturday peak hour, Greene testified.

Other complementary mitigation measures include: 
  Implementing directional signage to route motorists to the least congested routes to the site
  Extra queuing areas on site to eliminate any chance of traffic spilling back onto Columbus Boulevard
  A water taxi to the Camden side of the river, reducing traffic on the river bridges
  Coordination with SEPTA and tour bus operators
  Off-site parking and shuttles for employees
About Foxwoods Casino Philadelphia
Philadelphia Entertainment and Development Partners, a joint venture between Foxwoods Development Company, L.L.C. and a group of investors operating as Washington Philadelphia Investors, L.P., plans to develop a first-class casino, known as Foxwoods Casino Philadelphia, on 16 acres along the South Delaware River.  The three-phase project would total approximately $823 million in investment.  Upon completion of all three phases, it is envisioned that Foxwoods Casino Philadelphia would include at least 3,000 slot machines, restaurants, entertainment facilities, retail shops, a parking garage, a large assembly and conference space, a 500-room hotel and a health spa.  When permitted under the Pennsylvania Gaming Act, the facility will be expanded to house a total of 5,000 slot machines.  It is anticipated that Foxwoods Casino Philadelphia will employ 1,780 workers at the complex 90 percent of whom would be local residents once all phases are completed.  At least 42 percent of Foxwoods Casino Philadelphias profits will fund charitable causes, with a primary focus on disadvantaged children in the Delaware Valley and southern New Jersey.  
About Orth-Rodgers & Associates
Orth-Rodgers & Associates, Inc., a multi-disciplinary engineering firm, has been providing personalized consulting and engineering services since 1977. The firm maintains offices in Pennsylvania, New Jersey, Florida and Nevada, which serve a variety of public and private clients such as state departments of transportation, municipal and county governments, planning organizations, non-profit organizations and private developers.

Foxwoods Casino Philadelphia Submits Local Impact Report to Philadelphia and Pennsylvania
Project to Yield Substantial Economic Benefits to City and State plus unprecedented charitable contributions

Philadelphia, PA (March 6, 2006) Foxwoods Casino Philadelphia today submitted its supplemented and restated Local Impact Report to the City of Philadelphia, the Pennsylvania Gaming Control Board, and is making copies of the report available to local community groups.
The report shows that the proposed Foxwoods Casino Philadelphia project along the South Delaware River waterfront will benefit both the city and the state through the generation of hundreds of millions of dollars in direct and indirect economic activity, thousands of additional jobs and hundreds of millions of dollars in employee payroll and benefits. At least 42 percent of the projects profits will be pledged to local charities a commitment that is unmatched among the projects competitors.
Foxwoods Casino Philadelphia envisions three significant phases totaling nearly $825 million of investment. Phase I will involve the construction of a casino facility accommodating 3,000 slot machines, restaurants, an entertainment venue and a parking structure, in addition to other related infrastructure and site improvements. Then, when permitted under the state Gaming Act, the Foxwoods project will move into Phase II, which will include a structure to house an additional 2,000 slot machines, a garage expansion, additional food and beverage outlets, retail shopping locations, as well as the development of the Pier 60 Entertainment District. Phase III will include additional food and beverage venues and other entertainment facilities, as well as construction of a large assembly and conference space, a 500-room hotel and a health spa.
The total economic impact generated through construction of Phase I is estimated to be nearly $400 million for the city and over $650 million for the state. The construction experts forecast this project would generate about 1,000 new construction jobs. Job creation through the operation of Foxwoods Casino Philadelphia is forecasted to be significant. The casinos permanent workforce in Phase I is estimated to number 954, based on a detailed analysis of specific positions, and more than 90 percent of these positions will be filled by local residents. Direct employment is expected to ramp up with the expansions for Phases II and III, growing first to 1,254 and then to 1,780 for Phase III.
Through all three phases of the project including construction, operations and indirect outside spending associated with the casinos operations the total amount of economic activity from Foxwoods Casino Philadelphia is estimated to be at $2.35 billion in Philadelphia and $3.44 billion statewide. The entire project, both directly and indirectly, is expected to create more than 15,000 jobs in the city and more than 35,000 jobs statewide, with a boost in employee earnings of $414 million in Philadelphia and $1.05 billion across the state.
Foxwoods Casino Philadelphia is expected to generate more than $40 million in tax revenues to the City of Philadelphia and more than $300 million in tax revenues to the Commonwealth of Pennsylvania annually, once all three phases of the project are completed.
While the financial benefit to the city, state and area workers is substantial, one of Foxwoods Casino Philadelphias most positive impacts is its significant profit-sharing commitment to benefit local charities. Major local investors in Foxwoods Casino Philadelphia have committed to contribute at least 42 percent of the projects total profits to charitable causes. The necessary legal arrangements to provide ongoing charitable donations are already in place, eventually generating hundreds of millions of dollars, primarily intended to help disadvantaged children and youth in Philadelphia and the Delaware Valley.
In addition, the Foxwoods Casino Philadelphia Local Impact Report includes an updated traffic study, which assessed existing and predicted traffic conditions in the area of the casino and proposes eight actions to help minimize the traffic impact of the proposed development, and to mitigate existing traffic problems along the Columbus Boulevard corridor.

Foxwoods Development Company, Local Investors Announce
Plans to Develop Philadelphia Waterfront Casino
Investors to Donate Profits to Charity

Philadelphia, PA (December 28, 2005) An affiliate of the owner and operator of the worlds largest casino today announced plans to partner with a diverse group of primarily local investors to develop a first-class, 3,000-slot casino along the Delaware River, generating millions in taxes for the city and the commonwealth, as well as millions in economic benefits for the region.  In addition, a number of the investors will channel their proceeds to support educational, recreational and cultural initiatives with a focus on children in underserved communities.
Foxwoods Development Company, LLC, the commercial gaming affiliate of Foxwoods Resort Casino in Mashantucket, Connecticut, is partnering with a group of investors operating as Washington Philadelphia Investors, LP.   Foxwoods Development Company, LLC is owned by the Mashantucket Pequot Tribal Nation, which is based in southeastern Connecticut.  More than 60% of the limited partner investor group is owned by Washington Partners Community Charities, LP, consisting of the Rubin Family Charitable Foundation, the Silver Family Charitable Foundation and Ed Snider, all of whom have committed to donate 100 percent of their profits from the casino to philanthropic endeavors.
The Rubin Family Charitable Foundation and the Silver Family Charitable Foundation were created to fund charitable causes, primarily focusing on disadvantaged children in the Delaware Valley and southern New Jersey.  Ed Snider has pledged the funds received on behalf of his interest to charitable causes.  The Rubin Family Charitable Foundation was established by Ronald Rubin, CEO of PREIT and a Philadelphia-based real estate developer, whose holdings include the historic Bellevue, and other properties.  The Silver Family Charitable Foundation was established by Melissa Silver, daughter of Lewis Katz
who is a partner of the NBAs New Jersey Nets and a partner in the YankeeNets, the
entity that owns the NY Yankee baseball team and the YES cable television network.  Ed Snider is the Chairman and part owner of Comcast Spectacor whose holdings include the NHL Philadelphia Flyers and the NBA Philadelphia 76ers.
Other limited partner investors in Washington Philadelphia Investors, LP, some of whom have pledged a portion of their interests to charitable endeavors, are 76ers President and
General Manager Billy King; world-renowned music genius Quincy Jones; developer Peter DePaul; former Phillies centerfielder Garry Maddox; Atlantic City Race Track owner Robert Levy; Temple Womens Basketball Coach Dawn Staley; local attorney and businessman, Fred Tecce; A.J. Agarwal, a senior managing director of The Blackstone Group, an investment and advisory firm; Sylvia DiBona, wife of the late Independence Blue Cross President and CEO G. Fred DiBona, Jr. and chairman of the foundation to continue his legacy; the Mary Mason Community Foundation, founded by radio talk show host Mary Mason; and local businessman Alan Steinberg.
The joint venture, called Philadelphia Entertainment and Development Partners, submitted an application with the Pennsylvania Gaming Control Board for a casino operating license.  Philadelphia Entertainment and Development Partners plans to develop a casino on the approximately 16-acre vacant parcel of land east of Christopher Columbus Boulevard between Tasker Avenue and Reed Street.  The casino, which is expected to cost approximately $300 million in the first phase of development, will initially accommodate 3,000 slots, entertainment, and food and beverage venues.  It will be constructed with the ability to expand to 5,000 slots, with additional entertainment, restaurant and shopping options.
 
The site is bordered by Wal-Mart and Home Depot to the south, Comcasts CN8 studios to the north, and the United Artists Riverview Theater across Columbus Boulevard to the west. 
The Philadelphia Entertainment and Development Partners site supports the citys long-term goal of economically reinvigorating the remainder of the riverfront.  Siting a casino on the property would positively impact the retail that already exists on Columbus Boulevard, and it is in close proximity to the Convention Center as well as to
Philadelphias entertainment, restaurants, hotels and other attractions.  The site is easily accessible from I-95 from the northeast, southwest, and over both bridges into New Jersey. 
Foxwoods Development Company will be responsible for the management of all aspects of the operation, including gaming, entertainment, and food and beverage outlets.
Foxwoods Development Company was attracted to this opportunity because of the superior partnership group and the excellent site, said Foxwoods Development Company Chief Development Officer Gary Armentrout. We looked at other
opportunities in Philadelphia and throughout the state and chose this as the best one. We are committed to working with our partners to develop a first-class facility that Philadelphia will be proud of.
The Mashantucket Pequot Tribal Nation is the owner of both Foxwoods Resort Casino (www.foxwoods.com) and Foxwoods Development Company, its commercial operating arm in the gaming and hospitality fields throughout the United States.  Opened in 1992, Foxwoods Resort Casino in Mashantucket, CT has grown to be the worlds largest casino, with 340,000 square feet - more than any other casino devoted to gaming.
 
ABOUT Foxwoods Development Company:
Wholly owned by the Mashantucket Pequot Tribal Nation, Foxwoods Development Company is the entity through which the tribe utilizes its financial and human resources to develop and manage hospitality related enterprises outside of Connecticut.  The Mashantucket Pequot Tribal Nation has operated Foxwoods Resort Casino in southeastern Connecticut since 1992.
Foxwoods Development Company is the entity through which the Mashantucket Pequot Tribal Nation utilizes its financial and human resources to develop and manage hospitality-related enterprises outside of Connecticut. 
Wholly owned by the Mashantucket Pequot Tribal Nation, Foxwoods Development Company offers a range of business services, drawing on its unparalleled record of success with Foxwoods Resort Casino and the knowledge of an executive team whose members have worked in the gaming and hospitality fields in the United States and many foreign countries.
Formed in 2003, Foxwoods Development Company offers its clients and partners expertise in the following areas:
Financing/equity:  FDC is prepared to use its vast resources to provide and or arrange financing and equity for projects under attractive terms.  Over the years, the Mashantucket Pequot Tribal Nation has developed excellent relationships with all of the major financial institutions and has raised in excess of $1 billion of financing.
Development services: FDCs owner, the Mashantucket Pequot Tribal Nation, has a track record of taking a project from the dream stage through opening.  Foxwoods Development Company is able to draw on this experience to the benefit of its clients.
Management Services: The management at Foxwoods is considered one of the strongest in the gaming industry and is available through FDC.
Consulting Services: FDC provides consulting services in all aspects of a gaming operation and is available for operational reviews, financial analysis, marketing studies and training programs conducted in an objective and professional manner.
The Mashantucket Pequot Tribal Nation has operated Foxwoods Resort Casino in southeastern Connecticut since 1992.  It has grown to be a major player in the gaming hospitality field with its forward-thinking management and its record-setting development practices.  (www.foxwoods.com).
Fact Sheet
www.foxwoods.com
MASHANTUCKET, Ct. --  Foxwoods Resort Casino, opened by the Mashantucket Pequot Tribal Nation in 1992, has grown to be the largest casino in the world, with more gaming space and games under one roof than any other casino.
 Foxwoods has just over 11,000 (11,063) employees and is a major economic contributor to the Connecticut economy.  The gaming resort has a payroll of $300 million a year. In the last year it spent $324 million last year to purchase goods and services to operate the casino.  Under a unique revenue-sharing agreement negotiated with the state of Connecticut, the tribal nation has provided the state $2.2 billion since 1993 when the agreement took affect.
 
 When Foxwoods opened on Feb. 15, 1992, it had 250,000 sq. ft. of space. Presently it consists of 4.7 million sq. ft. and in three years it will add 2 million sq. ft. of resort space.  The amount of gaming space in the original casino amounted to 46,000 sq. ft. with 170 table games and no slots.  Today the casino has 340,000 sq. ft. of gaming space, with 378 table games and 7,400 slots. 
An average of 40,000 visitors a day come to Foxwoods.
 
 Located in southeastern Connecticut near Mystic, Foxwoods offers its guests the following amenities:
 GAMING:  378 table games and 7,400 slot machines in six casino settings at the resort.
 ENTERTAINMENT:  Fox Theater opened in 1993 by Frank Sinatra; arena/multi-purpose room, up to 4,000 opened by Luicano Pavarotti in 1994. B.B. King Nite Club, Hard Rock Caf.
 HOTELS:  Three hotels on property with a combined 1,420 rooms; the Grand Pequot, the Great Cedar and the Two Trees Inn.
 DINING:  There are 35 food & beverage outlets, offering everything from gourmet dining to fast-food service.
 RETAIL:  There are 24 retail stores, featuring a wide variety of quality, name-brand products.
 GOLF:  Two championship courses, designed by Rese Jones around a 90-acre lake.  They were praised by both Golf magazine and Golf Digest as being in the top 10 best new courses in the United States in 2005.
 MEETINGS/CONFERENCE/TRADE SHOWS:  Foxwoods is a full-service business operation with 55,000 sq. ft. and 25 conference and breakout rooms.
 RECENT NOTICE:  Honored with 31 Best Of awards by Casino Player Magazine as well as AAA 4-Diamond awards for both its Paragon Restaurant and Grand Pequot Tower Hotel, Foxwoods is recognized as an incomparable entertainment destination.
Upcoming at Foxwoods
Ground was broken in November for a $700 million expansion that will add a new 825 room hotel tower with additional gaming, an expanded spa, 115,000 square feet of meeting and convention space, more restaurants, nightclubs and retail, as well as a new 4,000 seat performing arts theater.   This expansion will be completed during the summer of 2008.