🖐 Rivers Casino raking in cash, but where's tax cut? | The Daily Gazette

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In light of the recently-opened Rivers Casino & Resort in Schenectady, NY, we thought we'd take the opportunity to remind taxpayers of their.


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Local people of Polish descent give opinions on slur Tinted car windows? Home News. The mayor said the casino and Mohawk Harbor are creating a level of economic activity in the city that other communities can only wish for. McCarthy acknowledged that not all parts of Schenectady have benefited equally but said the others will benefit in the future. McCarthy said the resolution Riggi mentioned was put together by the council to mollify certain members of the council and win their support for the casino project. Others circle back to the property tax rate. He conceded that the high crime numbers in Schenectady County weren't due to the casino but said the casino certainly wouldn't reduce them. View Comments. Giveaways of hooded sweatshirts Feb. Gaming promotions and giveaways all month with prizes ranging from a new car to a briefcase full of cash. Small kitchen fire leads to Rivers Casino evacuation. Rivers Casino raking in cash, but where's tax cut? Rivers Casino would not discuss its first-year financial performance with The Daily Gazette. Parking, entertainment and dining promotions for guests over 55 years of age each Monday in February. Rush Street partnered with Rotterdam-based Galesi Group to develop the casino. Some property owners still wonder, though, what happened to their tax cut. Rivers Casino refused to comment on what it projected in the way of host community benefits. A recurring sticking point in discussion of the casino is the amount of money the city gets as a cut of the total dollars gambled there. There were no firm numbers, nor any comparable casino in upstate New York to check for guidance, Perazzo said. A performance by country music star Randy Houser at 8 p. Until recently, the site was an eyesore that generated no jobs, no taxes and no economic benefit to the surrounding community, they said. The latest news delivered directly to your inbox every day at 3 p. Here are the new rules Study finds N. He said he takes business guests there for meals two or three days a week because it is such an impressive sight. Hide Advanced Search. Forgot Password? Millions of new dollars are rolling in to the city, and more than 1, people work on site. That hasn't happened. Look at casino in the past, present and future Foss: More problem gamblers seeking treatment. Enter the password that accompanies your email address. The host benefit A recurring sticking point in discussion of the casino is the amount of money the city gets as a cut of the total dollars gambled there. The celebration Rivers Casino would not discuss its first-year financial performance with The Daily Gazette. In a statement, Gary Hughes, chairman of the county Legislature's Economic Development Committee, said: "The Rivers Casino has met our expectations as a transformational project for Schenectady County and our riverfront. The Schenectady City Council, for example, spoke of an 18 percent tax cut in a June resolution. Mayor Gary McCarthy; Councilwoman Leesa Perazzo, former president of the City Council and former chair of its finance committee; and Councilman Vince Riggi, who objected to parts of the casino development process, all said this past week that the revenue projection was a moving target. McCarthy said projections provided by the state and by the casino developer were used to craft the budget. Moody's report finds casinos 'cannibalizing' revenues Foss: Casinos will continue to battle each other. Subscriber login Enter your email address. Countering this is millions in new revenue.

The new casino, its neighborhood and the city's financial picture are pittsburgh casino winning tax different from Feb. The number was essentially meaningless, he said. The Schenectady city property tax rate was cut 0. Email Address. Skip to main navigation. Activate online.

Gambling only increases three things: Addiction, poverty and crime. The city and county each get 5 percent of that total as their host community benefit. Log in Already a print subscriber? The cut was more than erased by water and sewer rate increases , leaving property owners paying the city more in the second year of the casino's operation than the first. Top managers handing out cash from 4 to 6 p. He said he initially was opposed to the casino proposal on general principle and, once it gained approval, was opposed due to the vaguely defined benefits. Rivers Casino counted more than 1.