|
The biggest probelm is it is a no bid deal exclusive to Harrah's. They are voting to change the state constitution to allow Harrah's and The Narragansetts to build a casino. It should be a general amendement to the constitution to allow casino gambling in the state then let Harrah's and who ever else come in and let the state chose the best deal. If Trump wants to come in and give the state 400 million bucks up front and then say 40% of the slot revenues and Harrah's is only offering 350 million and 30% of slot reveneues, Trump sounds like a better offer to me, but that isn't what is being voted on. It is solely for Harrah's, so if this passes with no real numbers in black and white already on the table, the state could get rooked. Yes the convention center is a flop, but the casino is also saying it will host concerts, which will then detract from the Dunkin Donuts Center, this will affect folks that own parking lots, restaurants, etc. The trickle down effect could really put so harm on other businesses. Like others have said more money means more spending, I really don't foresee any tax relief, it will just probably just slow the increases a bit.
|
Threaded Mode