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Bill aimed at boosting Indiana casinos clears Senate

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A major overhaul of Indiana casino regulations and taxes has cleared the state Senate amid arguments from its supporters that the casinos need help against growing competition from surrounding states.

Senators voted 32-18 Monday night to approve the bill that would allow Indiana's 10 riverboat casinos to move inland to adjacent property and permit live table games at the two horse track casinos. The bill would also cut state taxes on casinos by millions of dollars.

Several senators who represent counties with casinos objected to provisions that would reduce how much casino tax revenue is distributed to local governments. They argue those communities bear extra expenses hosting the casinos.

The bill now goes to the House, where several leaders are wary of making major changes in the casino laws.

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  • The Riverboat Has Already Sailed...
    This is window dressing at best. The days of monopolizing gaming revenue from other states is officially over, with casinos opening in Ohio, and soon Illinois. Kentucky will not be far behind. Indiana had a nice 20 year run with this. I applaud the forward thinking, no matter how asinine the original laws may have been.

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  1. First, the Athenaeum is going to have to get past the hurdle with the Lockerbie residents and the agreement that the parcel would be residential. Second, and in my opinion, this prime piece of property should include parking, PLUS, a black box theater(s), some market rate and affordable artist housing and a plan to renovate and reconfigure the second story theater. I would negotiate to add the DeHaan property surface parking lot into the development mix, place a one story surface parking garage on the DeHaan lot on the street level (for the Dehaan tenants use during the daytime) and add a second story to the garage that would become an addition to the current second story theater and then change the direction of the theater by moving the stage across the alley and on top of the DeHaan lot parking. You can add all the stage elements that are currently missing from the Athenaeum stage to make it more attractive for use by Ballet, Opera and traveling productions. Plus, the theater changes would probably help solve some of the soundproofing issues. Alas,it does not seem to be a part of the strategic plan to conduct a study to determine best use of the property. Seems like the current plan is a quick and easy move that ignores the property best use/potential and any strategic property planning for the effect on future generations.

  2. I recall that MSA's pilings are still in the ground and hard to remove. It’s not likely any proposal will include significant underground construction/parking because of this. Start adding 2 floors of retail, 8 floors of parking and 5-10 floors of possible hotel, and/or 10-20 floors of residential, and you are at 30 floors already with possible expansion of all the uses. But then again I could be wrong.

  3. Accoriding to their website there is no deadline to the Do Not Call list. What is this article referring to??

  4. On what planet are they entitled to this largesse from the stockholders? These people make multi-million dollar salaries: Pay for your own personal travel.

  5. It matters because they're already paid enormously fat salaries: Pay for your own personal travel. Being "taxed on it" isn't a valid excuse--so what? They're still being gifted a raft of luxury perks from somebody else's money on top of an enormous, lavish salary.

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