Bethlehem Casino Brings High Hopes
Construction of the new Sands Casino on the south side of Bethlehem started in April. Total costs are estimated at $800 million dollars and its scheduled to open in the summer of 2009. As a result real estate in Bethlehem is going up in anticipation of the impact this new project will bring to Bethlehem and the Lehigh Valley.
It’s true this development will bring many new jobs and revenue to both the state and the city. But how will it affect the surrounding neighborhoods and homes? The southside of Bethlehem does offer many nice restaurants, unique shops, and historical attractions, but the area is filled with run down homes, less than desirable living conditions, and sad to say a few slum lords.
Perhaps this new casino and additional shops will be just the boost the area needs. The south side offers tremendous potential and hopefully the economic benefits from this new project will do the trick. That said, its going to be a slow process, but in the long term, rel estate, is as always, your best investment.
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