City/County endorsement of Boot Hill Gaming

[Clueless]

Originally Posted by lurker

Lemme see if I got this right; The 'state' gets 5.5 million up front and Dodge City gets to fund the infrastructure for the facility?

If we want growth in businesses and jobs and tax revenues, there are costs. The City has responsibillities for delivery of certain services to the annexed land. However, Butler cannot use WND money for building the casino. So, there has to be a careful weighting of infrastructure costs to assure each party pays their correct share. I would expect there will be a development plan with the City for the remaining land that would also address any additional costs that are not attributed to the Casino. That's pretty normal for land development projects isn't it?

[Mike B.]

Since the monies needed to build and outfit this casino is to come from the private sector. Can someone give me total assest and liabilities in dollar amounts for Boot Hill Gaming and Butler. Surely our city and county has copies of them. Or are those number confidential? Won't the State want to take a look at those numbers also before deciding?

Also will the money needed to build this casino (by whoever) need to be on hand before the state gives the Lic.?

[Clueless]

Originally Posted by Mike B.

Since the monies needed to build and outfit this casino is to come from the private sector. Can someone give me total assest and liabilities in dollar amounts for Boot Hill Gaming and Butler. Surely our city and county has copies of them. Or are those number confidential? Won't the State want to take a look at those numbers also before deciding?

Also will the money needed to build this casino (by whoever) need to be on hand before the state gives the Lic.?

From what I know Mike, the State looks at everything about the applicants, from current financials to everything for the last 15-20 years, including each individual that is involved in the Casino management. Evidence of financial capacity must be proven, together with a host of other things. Go to the Lottery's website and read the application - it answers most questions.

Yes, much of this is confidential. IMO, if there's no public funds in the casino - why should there be public disclosure? It's a slippery slope when you start invading the rights to privacy, both personal and business. Butler Nat'l is a publicly traded company, so I'm sure there will be some required disclosure by the SEC.

"Butler said their proposal relies heavily on private grants"

Yes I heard that too -- "grants" odd word if they mean private investors -- and then are also talking about a foundation -- they make grants ?

Wonder why that word and what it means to Butler ?

[Clueless]

Originally Posted by Unregistered

"Butler said their proposal relies heavily on private grants"

Yes I heard that too -- "grants" odd word if they mean private investors -- and then are also talking about a foundation -- they make grants ?

Wonder why that word and what it means to Butler ?

I didn't hear Butler use the word 'grants'. Maybe they did, but I didn't hear it. The only time I saw the word was in the Globe article that Vierthaler wrote. I understand the Butler proposal relies on loan commitments from banks or traditional lenders. That's perfectly normal.