Opinion: Niagara Falls casino is a failed promise (Buffalo News)

January 6, 2013 – By a couple of measures, the Seneca Niagara Casino (Moody’s – B2) that opened in Niagara Falls a decade ago has been a failure for the city that hosts it. Not only has there been no spin-off development because of the casino, but the windfall it should have been to Niagara Falls has been strangled by a legal dispute between the Seneca Nation of Indians and the state of New York.  The State and the cities that hosted the Seneca casinos – Niagara Falls, Buffalo and Salamanca – would get a share of the profits from the slot machines that, for Niagara Falls,  meant an additional $70 million over the first several years of operation, money that helped repave pothole-filled roads, fund its economic development efforts, clear blighted areas and launch a new tourism agency.

Link to Full Article: http://www.buffalonews.com/apps/pbcs.dll/article?AID=/20130106/OPINION/130109527/1074

 

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