Hoosier Park Racino ~ Bankruptcy?

[Palehorse]

Oh that's funny, my sister called me in the middle of writing that, so the editing got screwed up. I fixed it.

since when is 250,000,000 that Hoosier Park isn't paying out in taxes...a quarter of a million?

Thank you for pointing out my typo. You will be happy to note that it has now been corrected, so you may rest easy knowing all is right within the world as you know it.

Moving forward I will no longer be depending just upon the spell check feature of this forum to help me assure accurate spelling and grammar, but also utilizing a comprehensive editing staff to review each of my posts before they are placed onto the forum.

While this may result in an initial increase in delay time as it relates to the accustomed reply rates you may have enjoyed to this point, I expect that over time you should see these return to current rates within a short validation period of time.

Again, thank you for pointing out the error and I apologize for any emotional distress, discomfort, or uneasiness it may have driven. And thank you for reading.

[Palehorse]

http://www.heraldbulletin.com/local/local_story_168113049.html

Mitch says "No Bailout for Hoosier Park".

[pariann]

Thank you for pointing out my typo. You will be happy to note that it has now been corrected, so you may rest easy knowing all is right within the world as you know it.

Moving forward I will no longer be depending just upon the spell check feature of this forum to help me assure accurate spelling and grammar, but also utilizing a comprehensive editing staff to review each of my posts before they are placed onto the forum.

While this may result in an initial increase in delay time as it relates to the accustomed reply rates you may have enjoyed to this point, I expect that over time you should see these return to current rates within a short validation period of time.

Again, thank you for pointing out the error and I apologize for any emotional distress, discomfort, or uneasiness it may have driven. And thank you for reading.

Heck, I just wanted to know if there was ANOTHER phase of New Math in existence. I still haven't figured out what is new about the new math as it is.

[Palehorse]

Heck, I just wanted to know if there was ANOTHER phase of New Math in existence. I still haven't figured out what is new about the new math as it is.

That would be Anderson math. . . 

[pariann]

LOL!!!!!

[Palehorse]

LOL!!!!!

And that's probably what is at work behind this whole fiasco if the truth were to be revealed. 

[Palehorse]

 

[Palehorse]

http://www.indystar.com/article/20090622/LOCAL/906220360/Ind.+casinos+battling+lower+revenue

The talk continues and now it would seem that Hoosier Park is not alone in paying 250 MILLION in fees and licensing as was previously reported by a local newspaper, but rather it is the same fee all Indiana casino operations pay. And now they are joining the fray with similar "threats" and predictions. . .

The current article states that HP contributes 200k a month to the city of Anderson. . . My question is what is going to happen to the services this monthly fee pays for when they go under??? I speculate even more cut backs in city services. . .

[Henry Hawk]

I have ALWAYs been against the track and gambling as a means of supporting government..............it depends upon other peoples misfortunes, to be successful....it is a lose, lose in MOST situations...

[Palehorse]

I have ALWAYs been against the track and gambling as a means of supporting government..............it depends upon other peoples misfortunes, to be successful....it is a lose, lose in MOST situations...

That whole debate is water under the bridge though. They decided and already allowed them. The point to keep in mind now is that should these facilities go under it will result in huge job losses (on top of the already saturated unemployment roles) as well as revenue loss for local, state, and federal governments. Hoosier Park alone employs 1,000 people. Bottom line is that if these entities go under you and I will have to pick up the slack and pay for the services or they too will cease to be provided.

Next year it seems likely that Ohio and Kentucky will both be passing legislation to allow casinos in these states, increasing the competition and further reducing the "draw" of those casinos already in operation. Granted, all of them made money last year, but the losses they experience this year due to the economic downturn may make the difference between staying open or closing unless something is done about the taxes and fees they are paying. . .