Lawrenceburg Agrees to Gambling Proceeds Deal
As reported by the Louisville Courier-Journal: "One little-noticed detail of the deal to bring a Honda assembly plant to Greensburg could have significant implications for Harrison County and other places that get money from riverboat casinos. "The city of Lawrenceburg, home of the Argosy Casino, has agreed to provide $10 million of its gambling proceeds toward the $100 million in infrastructure improvements that will be made to benefit the plant and future economic growth in the region. "This was Gov. Mitch Daniels' idea and it's a move he hopes will quiet criticism that casino communities -- and Lawrenceburg in particular -- are reaping too much benefit from their gambling boats. ".Last year, some Republicans in the House and Senate drew up plans to redistribute some of the money that local communities receive from the casino. ".But Lawrenceburg, which has the biggest revenue casino and by far the most lucrative of these development agreements, has not in the past shared its money. That caused big problems at the General Assembly, where lawmakers from districts with no casino and no source of ready cash were prepared to nab some for either the state budget or their own communities."