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Casino Idea

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Started 2 years ago by columbusmike
Latest reply from north4thlikeme

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columbusmike

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Personally, I dislike the idea of having a casino in the Arena District, or anywhere downtown. But, if an alternative location can't be found, I have an idea.

How about all of the tax revenue generated from the casino stays within downtown Columbus? That money can be used for extra Policing, development, streetcars, streetscape improvements, etc. Also, it would be ideal to require the casino development to go through a design review board made up of local developers, architects, landscape architects, and urban planners to make sure the casino development becomes a positive attraction that can compliment the rest of the Arena District and Downtown.

Posted 2 years ago #
Core_Models
Columbus
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A disproportionately large portion will go to the city directly.

But beyond that, again...you're talking about getting something put on a ballot, campaigning for it, a statewide vote required to pass it, and on and on and on.

Posted 2 years ago #
columbusmike

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Yeah, it's a bum law to begin with. Funny how those who voted for it, now don't want it in their back yard either...

Posted 2 years ago #
Core_Models
Columbus
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Actually, if your desire is for a lot of the casino money to go directly to the city, then its written quite well for that purpose.

Posted 2 years ago #
Tenzo
Chicago Lakeshore
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NIMBY

(that is all)

Posted 2 years ago #
theroberthogan

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As a proponent of building the casino in the Arena District, I think this is a great idea, just as long as the design review board is structured to maintain the aesthetic and atmospheric qualities of the Arena District, and not put in place to create roadblocks for the casino's construction.

The amendment does not state how the cities who receive casino funds split it amongs its precincts. I firmly believe that which ever community ends up hosting the casino should receive the majority, if not all of the funds from casino tax.

Excellent ideas.

Posted 2 years ago #
agtw31
columbus
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columbusmike wrote >>
Personally, I dislike the idea of having a casino in the Arena District

i dislike the smoking ban,but i deal with it.

sometimes you just have to say "ok,it's done" and move on.

Posted 2 years ago #
Walker
The KLD / Downtown
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agtw31 wrote >>
sometimes you just have to say "ok,it's done" and move on.

Please don't tell people what they can and can't talk about here.

Thanks,
Walker

Posted 2 years ago #
Mr. October

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How about all of the tax revenue generated from the casino stays within downtown Columbus? That money can be used for extra Policing, development, streetcars, streetscape improvements, etc. Also, it would be ideal to require the casino development to go through a design review board made up of local developers, architects, landscape architects, and urban planners to make sure the casino development becomes a positive attraction that can compliment the rest of the Arena District and Downtown

To me, I'm not sure why the Arena District is so bad. It has the States top arena, the newest baseball park, one of the best amphitheatres. This is simply an entertainment destination.

A design board would allow those with a strong interest, in The Dispatch's case, naked self interest, to apply pressure to our local politicians to have their people appointed to this board

One of my concerns is the statement that the Casino can't go in the Arena District because it "wouldn't be suitable for families", but when the idea of moving it anywhere comes up The Dispatch is all over it. I guess the Westside is unsuitable for families as well

Bottom Line, for me, I have no intention in going to the casino. But I firmly support the democratic process and the people have spoken.

Posted 2 years ago #
agtw31
columbus
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Walker wrote >>

Please don't tell people what they can and can't talk about here.
Thanks,
Walker

never did.

Posted 2 years ago #
myliftkk
Columbus, OH
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i believe the tax revenue allocation is already set in the amendment. host cities will split 5% amongst themselves.

so, if the casinos grossed 500m combined per year, each host city would get 2.0m/yr in revenue. or, limiting the scope to columbus, what they were planning to raise with the parking meter fees. now, i don't know if 500m/yr gross is reasonable (but, double it to 1b, you're talking 4m). now, i'm excluding the other tax splits, but that's because we're talking specifically about host cities.

Posted 2 years ago #
Core_Models
Columbus
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It ends up as much more than that, because of the other stipulations though.

* 51% among all 88 counties in proportion to such countiesÃ¢â‚¬â„¢ respective populations. Half of each countyÃ¢â‚¬â„¢s distribution will go to its largest city if that cityÃ¢â‚¬â„¢s population is above 80,000.
* 34% among all public school districts
* 5% among all host cities
* 3% to the Ohio casino control commission
* 3% to the Ohio state racing commission fund
* 2% to a state law enforcement training fund
* 2% to a state problem gambling and addictions fund

So, 600M gross X 33% = 200M in tax revenue

102M goes to counties, 9.42% of that to Franklin, so 9.6M. Half of that goes directly to Columbus, since have more than 80k population, so 4.8M.

THEN we get an additional 5% as a host city (divided by 4, as pointed out by KK), so another 2.5M

so 7.2M goes directly to Columbus @ 600M in revenue.

Posted 2 years ago #
greenhouse1014
Columbus
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so 14.8M goes directly to Columbus @ 600M in revenue.

sounds like a streetcar to me.

Posted 2 years ago #
myliftkk
Columbus, OH
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Core_Models wrote >>
It ends up as much more than that, because of the other stipulations though.
* 51% among all 88 counties in proportion to such countiesÃ¢â‚¬â„¢ respective populations. Half of each countyÃ¢â‚¬â„¢s distribution will go to its largest city if that cityÃ¢â‚¬â„¢s population is above 80,000.
* 34% among all public school districts
* 5% among all host cities
* 3% to the Ohio casino control commission
* 3% to the Ohio state racing commission fund
* 2% to a state law enforcement training fund
* 2% to a state problem gambling and addictions fund
So, 600M gross X 33% = 200M in tax revenue
102M goes to counties, 9.42% of that to Franklin, so 9.6M. Half of that goes directly to Columbus, since have more than 80k population, so 4.8M.
THEN we get an additional 5% as a host city, so another 10M
so 14.8M goes directly to Columbus @ 600M in revenue.

correction, we don't get 5%, we get 25% of 5%.

i missed the county/city blurb. someone should update wikipedia.

eta: that would be 4.8m + 2.46m ~ 7-8m

Posted 2 years ago #
Core_Models
Columbus
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Corrected above, regardless though, Columbus stands to take in 3-4% of the total tax revenue itself...which isn't too shabby at all.

Posted 2 years ago #
myliftkk
Columbus, OH
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we went from "pennies raining from heaven" to "not too shabby" ;)

does that mean we can lower the income tax rate back to 2%...?

Posted 2 years ago #
JonMyers
HCMC ✈
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The financial windfall is all speculation. There could be a net gain and there could very well be a net loss.

Posted 2 years ago #
Core_Models
Columbus
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JonMyers wrote >>
The financial windfall is all speculation. There could be a net gain and there could very well be a net loss.

The only way there could be a net loss is if everyone who gambled there won.

This is taxed on the gross of the casino, as talked about earlier, this is their take of the night before expenses.

"not too shabby" wasn't intended to mean a pittance, I think its a fairly significant figure, and even at half that revenue, don't see any other single enterprise contributing 3-4 million bucks a year directly to Columbus.

Posted 2 years ago #
Walker
The KLD / Downtown
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agtw31 wrote >>
never did.

Perhaps I read something else into this:

"sometimes you just have to say "ok,it's done" and move on."

...but you said the same thing in different casino thread yesterday:

"it's over,and it's been over for 2 months. time to move on."

To me it sounds like you're telling people to move on to other topics and discontinue discussing the casino.

Again, if you personally feel that the conversation is over, feel free to bow out of it. That choice is up to you. But if other people would like to continue discussing this issue, it's really not your place to tell them to "move on".

Thanks,
Walker

Posted 2 years ago #
agtw31
columbus
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Walker wrote >>

To me it sounds like you're telling people to move on to other topics and discontinue discussing the casino.

what i stated is what's called an opinion.

not a demand,not an order,not a suggestion,an opinion.

that's all.

Posted 2 years ago #