SEARCH NEWS:

 

Indiana Riverboat Revenues Plan Approved

INDIANA – As reported by the Pallidium-Item: "Revenues from riverboat gambling in Lawrenceburg, Ind., will reach Union, Fayette and Franklin counties under a plan approved recently by the Lawrenceburg City Council.

"Now area officials must convince Gov. Mitch Daniels and the Indiana General Assembly that Lawrenceburg's 'share-the-wealth' plan is sufficient and requires no further action by the Legislature.

"…Lawrenceburg is located in Dearborn County. Under the three-year plan, Franklin County would receive $500,000 a year to use for operating costs. In addition, Franklin County and eight other counties -- Union, Fayette, Decatur, Bartholomew, Jackson, Jennings, Jefferson and Ripley -- could seek economic development grants from a $10 million fund this year. Funding for 2007 and 2008 is still to be determined, but will likely increase, Steidel said.

"…State Sen. Johnny Nugent, R-Lawrenceburg, will present the plan next week to the governor when the Senate session begins. Daniels asked last spring for a regional sharing program linked to economic development and job creation, Nugent said…"

< Gaming News