Printable Version of Topic

Click here to view this topic in its original format

City by the Lake.org, The Voice of Michigan City, Indiana _ City Talk _ City could get casino compensation

Posted by: Southsider2k12 May 22 2019, 09:16 AM

https://chicagocrusader.com/holcomb-signs-into-law-landmark-gaming-bill/

QUOTE
New jobs creation is an integral part of Gary’s revitalization plan.

“Additionally,” said Holcomb, “It will bring in new revenue and create hundreds of new jobs both permanent and in construction. I will direct the Indiana Gaming Commission to monitor for potential effects of this bill so that we can make necessary changes in future legislative sessions.”

The Senate passed the bill 37-12, and the House passed the bill 59-36. Before it passed the House and Senate, legislators restored hold harmless provisions to the gaming bill. Those provisions aim to help ensure other communities with casinos that could be negatively affected by the bill’s changes are financially compensated. Because of the provision, East Chicago, Hammond, and Michigan City will receive compensation if their share of local revenues declines with the opening of the new Gary casino.

Powered by Invision Power Board (http://www.invisionboard.com)
© Invision Power Services (http://www.invisionpower.com)