Horse­shoe paid city $22.8M in taxes, im­pact grant funds

Baltimore Sun - - WORLD - Sarah.gantz@balt­sun.com twit­ter.com/sarah­gantz

The Horse­shoe Casino Baltimore said Wed­nes­day that it has paid the city $22.8 mil­lion in taxes, lease pay­ments and lo­cal im­pact grant fund­ing in its sec­ond year of op­er­a­tion, up 13 per­cent from the pre­vi­ous year.

The casino has con­trib­uted more than $42 mil­lion in city taxes and im­pact grants since it opened.

The casino said its con­tri­bu­tions to the city dur­ing its sec­ond year of op­er­a­tion, once pay­ments for Au­gust are fi­nal­ized, will in­clude $13.5 mil­lion in city prop­erty tax and lease pay­ments, and $9.3 mil­lion in lo­cal im­pact grants.

Roughly 5.5 per­cent of slots rev­enue from Mary­land casi­nos goes to the state to dis­burse as lo­cal im­pact grants to sup­port de­vel­op­ment projects in the neigh­bor­hoods sur­round­ing each casino. A lo­cal de­vel­op­ment coun­cil iden­ti­fies projects to re­ceive fund­ing.

Mary­land Live, the state’s largest casino, has con­trib­uted about $85 mil­lion in lo­cal im­pact grants since open­ing in 2012.

The bulk of the Horse­shoe Casino’s lo­cal im­pact grant sup­port from its sec­ond year, $7.6 mil­lion, went to projects in the South Baltimore Gate­way, an area sur­round­ing the casino that the city is work­ing to re­de­velop.

The city has de­vel­oped a master plan for the area that fo­cuses on im­prove­ments in trans­porta­tion, the en­vi­ron­ment, pub­lic safety, ed­u­ca­tion, health, com­mu­nity de­vel­op­ment, the lo­cal econ­omy, qual­ity of life and in­fra­struc­ture.

An ad­di­tional $1.7 mil­lion in lo­cal im­pact grants sup­ported ini­tia­tives in Northwest Baltimore.

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