[identity profile] mindstalk.livejournal.com posting in [community profile] davis_square
Article that I thought might be relevant, given the Everett thing. Seems likely that there's only so much gambling money to go around, and it's being divided up more and more. Hope the state doesn't end up having to bail out the new projects, which would seem to defeat the whole point.

http://www.newyorker.com/business/currency/americas-casino-saturation-problem

Date: 2014-11-21 03:14 pm (UTC)
From: [identity profile] achinhibitor.livejournal.com
Fortunately, the state has no commitment to bail them out. Of course, there will be political pressure to "save the jobs" (especially if they're unionized). But the bail-out will most likely be to reduce the compensation they have to pay to the state. The ugly case will be if they're slated to pay off infrastructure improvements but then don't have the income to do so. The state will be out that money.

Profile

davis_square: (Default)
The Davis Square Community

April 2025

S M T W T F S
  12345
6789101112
13141516171819
20212223242526
27282930   

Most Popular Tags

Style Credit

Expand Cut Tags

No cut tags
Page generated May. 24th, 2025 06:41 pm
Powered by Dreamwidth Studios