Trump Picked Wrong Site, Board Says

Donald Trump arrives for a Trump event on Jan. 17, 2007 in the Hollywood section of Los Angeles. The Pennsylvania Gambling Control Board, disclosing the rationale behind a December vote on Friday, Feb. 2, 2007, has three words for Donald Trump on why he lost his bid to build a slots casino in Philadelphia: location, location, location.(AP Photo/Danny Moloshok) (Danny Moloshok - AP)

PHILADELPHIA -- The Pennsylvania Gambling Control Board has three words for Donald Trump on why he lost his bid to build a slots casino in Philadelphia: location, location, location.

The board decided in December against licensing the proposed $350 million TrumpStreet Casino complex on the edge of North Philadelphia. Instead, it approved projects on two riverfront parcels.

On Thursday, the board disclosed the rationale behind the selections.

Trump's project would have been built near an "economically depressed (area) with decaying infrastructure," calling into question whether visitors would come and other businesses would invest, the board said.