| I wish I could figure out how to post links from the Globe. "Thorpe told the crowd gathered that Boot Hill Gaming will proceed in the development and building, and fundamentally owning, this casino." This makes sense to me. If Boot Hill Gaming were to build the casino structure, they would then lease it to the Butler National Corp. which will operate the casino. This would mean more money staying local by the fact that Boot Hill Gaming would be collecting the rent money, not some development firm from Chicago, NY, etc. receive those payments. {So we would have Boot Hill Gaming collecting the rent money, plus the county getting their 1.5% and the city getting their 1.5%} I guess my question is where will Boot Hill gaming, a subsidiary of Boot Hill museum, (the same museum we the tax payers bail out year after year for lack of funds) get the kind of capital/collateral needed to borrow $250 million? Are we as taxpayers going to pay this? Or, do private investors actually own Boot Hill Gaming and work under the umbrella of Boot Hill Museum? If the latter is the case, how can they work under the guise of a non-profit? But then how is all of that possible when I thought, like Bubba that the state was to own the casino? There just seems to be a lot of inconsistancies...which gives me an uneasy feeling.  |