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Developer Granted Option For Racing/Casino Land

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(credit: MIKHAIL MORDASOV/AFP/Getty Images)

(credit: MIKHAIL MORDASOV/AFP/Getty Images)

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ST. PAUL, Minn. (AP) — The Iron Range Resources and Rehabilitation Board has granted an option on more than 600 acres in Hibbing to a group that wants to develop a casino and horse racing track. The property is mainly reclaimed mining land.

The developers have four years to buy the property where they hope to develop the Iron Range Racing Complex. Supporters say the project would only be successful if legislative approval is granted for a casino.

The state’s two other horse tracks have tried in vain for legislative approval to add casinos.

The Duluth News Tribune says the track would cost up to $45 million and employ as many as 700 people.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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