City could get casino compensation |
City could get casino compensation |
May 22 2019, 09:16 AM
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Spends WAY too much time at CBTL Group: Admin Posts: 16,425 Joined: 8-December 06 From: Michigan City, IN Member No.: 2 |
https://chicagocrusader.com/holcomb-signs-i...rk-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. |
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