New $336M casino opens on Ohio River

Business/Money

Discussion

June 29, 2009

Anonymous The News and Tribune Mon Jun 29, 2009, 11:16 AM EDT

LAWRENCEBURG — Opening ceremonies are being held Monday for a new $336 million casino boat in southeastern Indiana.

The new Hollywood Casino on the Ohio River at Lawrenceburg opened up to its first gamblers on Thursday, replacing the 13-year-old Argosy Casino.

The new boat is more than twice the size of previous one and has about 4,400 gambling positions, which Pennsylvania-based owner Penn National Gaming says is the most of any riverboat casino in the country.

The casino is less than two miles from a bridge to Cincinnati's Kentucky suburbs and has been under construction for two years.

The Lawrenceburg casino and the Horseshoe Casino along Lake Michigan in Hammond have been Indiana's busiest riverboats.

Text Only | Photo Reprints

Business/Money

Grants available to downtown Jeffersonville residents
“The goal of this program is to strengthen the historic core of our community and to promote ongoing economic development in Jeffersonville,” said Jay Ellis, executive director of Jeffersonville Main Street Inc.

May 28, 2012
River View gets a new option
As for progress, Bobo said he met with two banks Tuesday prior to the meeting. He added there’s been interest in financing the project from national lenders including U.S. Bank.
Additionally, Bobo said his team has meet with national investors as another source to fund the project and believes Mainland Properties could soon gain financial partners for River View.

May 23, 2012
Bridges project specifics emerging
Valentine outlined that incentives will be part of Kentucky’s contract with the winning bidder.
He explained that once construction begins, the expected cost of construction per day will total about $80,000 and the contractor can earn incentives for finishing early and penalties for finishing late. A completion date is set for June 30, 2018.

May 23, 2012
Spring Street Hill Road repair to begin around June 1
Councilman Bob Caesar, who sponsored the council measure and is a Silver Hills resident, said the reopening of Spring Street Hill road will be a “big deal” for the community.
“We just wanted to make sure this was done once and done right,” he said.

May 23, 2012 1 Photo
TARC OKs rate increases
Contrary to its monetary situation, the amount of people riding the public transit system has increased about 10 percent, Barker said.
But the transportation service had not raised its fares, aside from express routes, in four years.

May 22, 2012
Workshops on windows set for Thursday
Instructor Jack P. Patchin of Ol’ House Experts in Madison has more than 30 years of experience in construction and restoration. Patchin has restored wood windows for homes, barns, and outbuildings.

May 22, 2012
A bit less jump at the pump
Recent developments in the economic crisis in Greece and an apparent slowdown in China’s economy could be important to summer’s gasoline prices.

May 22, 2012
Jeffersonville budget cuts move forward
The action is not final, as officially the council has only approved a resolution instructing the city’s financial officer to advertise the cuts.

May 22, 2012 1 Photo
Corden Porter purchase tabled again
The council expressed other concerns, including the potential for asbestos in the building, the costs to cover utility payments and the costs to renovate the building.

May 22, 2012
Road work ahead: Projects under way in New Albany
The city earmarked about $600,000 of federal Community Development Block Grant funds to improve and install sidewalks. The project list, which has to focus on inner city areas because of CDBG regulations, is nearly finished, Rosenbarger said.

May 22, 2012
More Business/Money Headlines