Council Approves "TIF" Money For Omaha Casino

The Omaha City Council approves a request to put 17.5 million dollars of tax increment financing money towards the "Warhorse Casino" development at Horsemen's Park at 62nd and Q Streets

Casino developers will have to secure a loan of the same amount.

Council member Don Rowe says taxpayers shouldn't have to subsidize the construction of a casino.

Supporters say the project would keep money in Nebraska instead of going across the river to Iowa casinos.

(Image from "500 Nations)

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