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Lawrenceburg Signs Riverboat Revenue Deal

INDIANA – As reported by the Indiana Journal Press: "Lawrenceburg signed on the dotted line Tuesday, Jan. 17, to share $500,000 a year with Franklin County 'as long as it (Lawrenceburg) has riverboat revenue.

"City council unanimously approved the revenue sharing agreement with Franklin County from the development agreement Lawrenceburg has with Argosy Casino & Hotel.

"Council also set up a $10 million grant disbursal plan with nine counties, including Franklin. Franklin, Ripley, Decatur, Bartholomew, Jackson, Jennings, Jefferson, Union, and Fayette are eligible for the money, said City Manager Tom Steidel.

"…The agreement with Franklin County, and the $10 million grant plan are efforts to keep the Indiana General Assembly from taking riverboat gambling tax revenue from Lawrenceburg and Dearborn County as threatened in the 2005 session, said Mayor Bill Cunningham…"

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