Bridge Closure Affecting Casino Receipts, Philanthropy

by Rick Howlett on November 8, 2011

From the Associated Press

The shutdown of the Sherman Minton Bridge has reduced profit-sharing revenues paid by a southern Indiana casino to two counties and will delay officials from paying $8 million to a foundation.

Horseshoe Southern Indiana Casino paid Harrison and Floyd counties a combined $1.1 million from August’s receipts. The Courier-Journal reports the total payment for September dropped 13 percent to about $985,000.

Officials anticipated the casino payments would decline after the Sept. 9 shutdown of the bridge.

They also had anticipated replenishing the Harrison County Community Foundation fund by this month following an $8 million grant to a local hospital, but they now say that will likely take until January.

Repairs to the Sherman Minton Bridge are expected to be completed by early March.

Comments Closed

Comments on this entry are closed.

Previous post:

Next post: