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A legal Challenge is delaying plans for a new casino in State College. Developers of the casino, which is planned for the Nittany Mall, hoped to have constructi
The Pennsylvania Gaming Control Board has scheduled a hearing to receive public input on the category 4 mini-casino planned for the former Macy’s location at the Nittany Mall. The hearing will take place at 4 p.m. on Monday, Aug. 16, at the Penn Stater Hotel and Conference Center. It “will provide a forum for individuals to voice their support or opposition to the proposed casino at the Nittany Mall and to permit those persons with an interest in the applicant’s proposal to learn more about the project,” according to a PGCB news release on Tuesday. Individuals will be able to attend a...
HARRISBURG — With a demand that PSERS top executives be fired hanging in the air, those beleaguered leaders on Thursday continued to urge Pennsylvania’s largest pension fund to double down on their controversial investment strategy — by pouring $1.2 billion more into “alternative” investments promoted by high-fee Wall Street advisers.Six board dissidents, upset at the plan’s lackluster ...
What you need to knowThe $64 billion Public School Employees’ Retirement System (PSERS), one of the nation’s largest pension funds, is embroiled in scandal and has become the target of an FBI investigation.On Thursday, a dissident group of board members called for the firing of the fund’s chief executive and top investment officer, but didn’t yet have enough votes.Amid the rebellion, PSERS ...