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Racino

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ellarbee1000 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote ellarbee1000 Quote  Post ReplyReply Direct Link To This Post Topic: Racino
    Posted: Nov 14 2012 at 8:40am
So, Monroe people have to look at the monstrosity but Warren County gets the tax benefits?


Warren County commissioner Dave Young said that even though he felt like he was sitting down at a poker table opposite experienced gamblers, both taxpayers and racetrack owners have come out ahead on plans for the new Warren County racino.

County Commissioners approved plans for the $175 million new racetrack facility that will include video lottery terminals, to be built at Ohio 63 and Union Road next to Trader’s World and near Interstate 75. The racino is owned by Miami Valley Gaming and Racing, LLC, a joint venture of Delaware North Companies Gaming and Entertainment and Churchill Downs, Inc.

“We are very excited by this development,” Young said. “We try to do things right, we try to do things big and we try to do things that are for the benefit of Warren County taxpayers. This is a very significant investment in the county.”

Officials said the racino will add 750 jobs, including 450 full time jobs. The racino facility will include a 5/8 mile harness racing track with an attached, enclosed grandstand that seats 400; 2,500 VLTs inside a 186,000 square foot building; several eating facilities inside the building and a horse paddock for between 85 and 125 horses.

The county commissioners had not heard one voice of opposition to the overall project, which surprised Young.

The biggest point of contention between commissioners and racino owners was over the size of a sign. While MVGR had initially requested a nearly 200-foot-tall sign, they eventually compromised on a 100-foot sign with 1,500-square-foot LED displays.

“We’ve known for a longtime that the I-75 corridor is the next Southwest Ohio Main Street as growth between Cincinnati and Dayton continues to evolve,” said Commissioner Pat South. “I think this is going to be quite an enhancement to our tourist industry. It is certainly a tax advantage to our school district and the residents of our county because this 120 acres generated zero tax base previously.”

Officials from MVGR said they want to start construction in early-to-mid December with a goal of being open in January 2014. Despite the aggressive construction plans, several steps still need to be completed by the company, notably completing the purchase of the 120 acres the facility is to sit upon and receiving approval from the states’ gambling and lottery commissions to transfer the Lebanon Raceway’s gambling license to the new facility.

The company and county officials must also work out a financial compensation package to pay for upgrades to roads and infrastructure necessitated by the building. The city of Monroe and Turtlecreek Twp. are also negotiating the creation of a Joint Economic Development District around the racino to pay for municipal services to the area and will possibly include the implementation of a winnings tax on gamblers.

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vegasmayor View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote vegasmayor Quote  Post ReplyReply Direct Link To This Post Posted: Nov 14 2012 at 8:49am
With all due respect, Monroe probably doesn't have much room to talk when discussing eyesores. 

The flipside is that  hundreds from our area will have new jobs.  

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zapp2525 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote zapp2525 Quote  Post ReplyReply Direct Link To This Post Posted: Nov 14 2012 at 8:51am
Now maybe we can get some sit down food joints off our exit.  Clap


The down side our cops will have a bunch more car lockout calls.
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ellarbee1000 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote ellarbee1000 Quote  Post ReplyReply Direct Link To This Post Posted: Nov 14 2012 at 9:01am
Jobs are great, but with regard to our aesthetics, it would be nice to see us moving in the direction of the outlet mall and distancing ourselves from the appearance of Hustler.
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cmsquare View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote cmsquare Quote  Post ReplyReply Direct Link To This Post Posted: Nov 14 2012 at 9:20am
Hmmm at least this eye sore pays taxes to someplace in Ohio   
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ellarbee1000 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote ellarbee1000 Quote  Post ReplyReply Direct Link To This Post Posted: Nov 14 2012 at 9:26am
Originally posted by cmsquare cmsquare wrote:

Hmmm at least this eye sore pays taxes to someplace in Ohio   

True.
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MFD50 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote MFD50 Quote  Post ReplyReply Direct Link To This Post Posted: Nov 14 2012 at 11:35am
They are thinking of taxing the winners to help pay for municipal services to the area? We all know that and the house has the advantage and that there is a huge profit for the owners of the racino. Why don't they pay for the services that their customers are going to be using? They can just write it off on their taxes.
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thegoodrichfam View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote thegoodrichfam Quote  Post ReplyReply Direct Link To This Post Posted: Nov 15 2012 at 10:44am
Originally posted by zapp2525 zapp2525 wrote:

Now maybe we can get some sit down food joints off our exit.  Clap


The down side our cops will have a bunch more car lockout calls.
 
Maybe Monroe should start charging a fee for non-Monroe citizens? Extra revenue anyone???
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