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<title>Hoosier Park</title>
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<description>Hoosier Park Racing and Casino.</description> 
<language>en</language> 
<copyright>All content is copyright Hoosier Park</copyright> 
<webMaster>webmaster@hoosierpark.com (Webmaster)</webMaster> 
<pubDate>Wed, 22 May 2013 22:51:59 -0400</pubDate> 

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<title>Economic Benefits</title> 
<link>http://www.hoosierpark.com/economic-benefits.html</link> 
<description><![CDATA[Economic Benefits::
  <h1><span class="Apple-style-span" style="font-weight: normal; font-size: 14px; ">When legislation was passed in 2007 enabling gaming at Indiana's racetracks, facility owners and operators were tasked with a set of primary goals, responsibilities and obligations deemed critically important to the economic well being and growth of host communities as well as the State of Indiana. They included:</span></h1>
  <ul>
    <li>Enhancing horseracing, including agribusiness, breeding and racing at Indiana's race tracks </li>
    <li>Providing economic investment </li>
    <li>Increasing revenues paid to city, county and state government </li>
    <li>Creation of jobs </li>
    <li>Expanding area tourism </li>
    <li>Providing property tax relief to Indiana citizens </li>
  </ul>
  <p>Centaur and Hoosier Park Racing and Casino have already embarked on the fulfillment of several of these responsibilities: </p>
  <ul>
    <li>State government is in possession of $150 million, with another $100 million payment due in late 2008. This total, $250 million, will go directly toward Indiana resident property tax relief. </li>
    <li>Our development project, now nearing completion, will provide over $100 million in economic investment, along with providing construction employment and related earnings to Indiana citizens. </li>
  </ul>
  <p>Based on our projections, during the first five full years of operation, Centaur and Hoosier Park Racing and Casino will provide: </p>
  <ul>
    <li>Over $200 million in purse money for Indiana's horseracing industry. </li>
    <li>Over $400 million to state government in direct gaming taxes. </li>
    <li>$40 million to Madison County, of which $18 million will go directly to the City of Anderson. </li>
    <li>More than 550 new jobs for primarily local residents. These new jobs, along with existing Hoosier Park employment, represent what is expected to be above $200 million, over a five-year period, in employee earnings, including wages, tips and benefits. </li>
  </ul>
  <p>We also project more than 3 million visitors a year to our Hoosier Park Racing and Casino facility. This represents a vast increase in regional tourism growth and expenditures in our local community. </p>
  <p>The aforementioned obligations and projections do not include expected direct and indirect increases in innkeeper's taxes, sales and use taxes, property taxes and state income taxes due to our operation. </p>
  <p>At Centaur and Hoosier Park Racing and Casino,&nbsp;we are a proud partner in the economic growth of our local communities and the State of Indiana. <br /></p>
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<pubDate>Wed, 15 Dec 2010 00:21:44 -0500</pubDate> 
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