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Casino Gifts Penticton Residents with Relocation Plan

Residents of Penticton, British Columbia were given more information on the $25-million plan for the moving of Lake City Casino at the South that is local Okanagan Centre. On citizens were given the opportunity to voice their concerns or to express their support for the project tuesday.

Parking issues that may arise through the relocation associated with gambling venue had been being among the most widely discussed subjects. The casino building shall be located between your curling rink while the wine center at the occasions complex. Its construction is anticipated to effect a result of more than 100 parking spots being diminished. Nonetheless, Penticton officials pointed out that the city would build a parking that is paved nearby and that certain might have an overall total of 143 stalls. The perfect solution is towards the parking issues is expected to price taxpayers the total amount of $600,000.

The relocated casino would not pay property taxes in the 1st ten years of operation. Yet, it really is expected to yearly contribute $1.5 million in gaming revenue. In addition, Lake City Casino would annually spend a school board income tax and also will rent the building associated with location from the town for the amount that is annual of250,000.

Lake City Casino is managed by gambling operator Gateway Casinos. The business is looking to attract the eye of future taxpayers appropriate in front of a scheduled vote in the relocation proposition in 2016 january. Read More »