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Indiana Expanded Gambling Plans Halted

INDIANA – As reported by the Indianapolis Star: 'Financing plans for a new Indianapolis Colts stadium are in trouble, as House Speaker Brian Bosma said plans to expand gambling to pay for it are 'dead.'

"Indianapolis Mayor Bart Peterson has said the city needs $46 million annually for 30 years to pay off bonds that would finance a new retractable-dome stadium for the NFL team.

"That money would come in part from slot-like machines possibly in Downtown Indianapolis.

"'The message I'd like to send to the mayor is he ought to find another financing mechanism for a Dome downtown than putting a casino in the middle of the most family-friendly city in the Midwest,' Bosma, R-Indianapolis, said. 'As far as I'm concerned, that proposal is dead.'…"

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