Ohio Senate approves Casino Bill

[Craig R.]

I just read that the Ohio Senate has approved a bill allowing one 24-hour, Las Vegas-style casino each in Toledo, Cleveland, Columbus, and Cincinnati. My area of interest is Columbus, and in that city it looks like the proposed casino will be open in late 2012. With that in mind, what would be a good REI strategy? In the quick research I've done online, it seems property values within a 5-mile radius of new casinos appreciate. The location of the Columbus site has already been approved, so I'm wondering if in light of this news, it would prurient to look for opportunities there.

Does anyone here have any experience with investments near new casino development sites? I'm guessing the metrics would be much different in Ohio rather than Vegas. Thanks in advice for any input.

I may miss this opportunity due to being overseas until later this year, so if anyone else wants to take advantage, have at it!