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11-04-2009, 08:46 AM | #1 (permalink) |
I love Derf!! Join Date: Aug 17 2007 Location: Ohio Age: 48
Posts: 1,360
Rep Power: 17 | The people of Ohio have spoken..finally Cincinnati slated for casino after Issue 3 passes Business Courier of Cincinnati A casino is in the works for Broadway Commons downtown after voters approved a statewide constitutional amendment that will bring casino gambling to the state. Voters approved Issue 3 with 1.66 million votes in favor of the constitutional amendment, or 53 percent of all cast, and 1.48 million, or 47 percent, against, according to data from the Secretary of State’s office. The plan, backed by casino operator Penn National Gaming Inc. (NASDAQ: PENN) and businessman and Cleveland sports team owner Dan Gilbert, calls for building full-service casinos in Columbus, Cleveland, Cincinnati and Toledo. Voter turnout on Tuesday stood at 40 percent with about 3.2 million of the state’s 8 million registered voters hitting the polls, according to Secretary of State Jennifer Brunner’s office. Other proposals for legalized gambling in Ohio have been soundly defeated at the hands of voters four times since 1990, the latest coming last year when 63 percent of voters rejected plans for a $600 million casino resort in Clinton County. Since the last casino proposal went down, Ohio’s jobless rate peaked at its highest point in more than a quarter-century and Gov. Ted Strickland reversed his long-standing stance against expanded gambling when he proposed a now-idled plan to install video slot machines at racetracks to plug a budget hole. Proponents of the four-casino plan pledged to create 34,000 jobs in the state and distribute $651 million a year in tax revenue to Ohio’s counties based on a 33 percent tax rate. Opponents, notably TruthPac, a group financially backed in large part by horse racing and RIVAL CASINO INTERESTS, cried foul over what they called a monopoly in the works that would drain nearby businesses and spark a rise in social ills. Rock Ventures, a Detroit company controlled by Gilbert, is establishing an advisory board in each city to help developers recruit local vendors to design, build and operate the casinos. |
11-04-2009, 09:44 AM | #3 (permalink) | |
Lamp Geek Join Date: Dec 21 2001 Location: Cleveland, Ohio
Posts: 1,913
Rep Power: 23 | Re: The people of Ohio have spoken..finally Quote:
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11-04-2009, 10:52 AM | #6 (permalink) | |
I love Derf!! Join Date: Mar 12 2002 Location: Undisclosed Secure Location
Posts: 2,636
Rep Power: 26 | Re: The people of Ohio have spoken..finally Quote: Also: http://www.youtube.com/watch?v=ysmLA5TqbIY http://www.youtube.com/watch?v=GTaoKzgrptk Last edited by Ezliving_Jim; 11-04-2009 at 10:55 AM. | |
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