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Friday, January 17, 2014

Casino’s Direct Impact Fund Allocations Detailed

SNOW HILL — Despite increased competition the Casino at Ocean Downs is still seeing “moderate growth,” according to General Manager Joe Cavilla. If that growth continues it could mean more impact funding for Worcester County, which is poised to see a boost next year as other casinos in Western Maryland come online and the 18 percent of revenue that Ocean Downs sends across the bridge is returned.

At Monday’s Local Development Council (LDC) meeting, the group reviewed how the casino revenue-generated impact grant funding that Worcester County and some of its municipalities receive is being used.

A common allocation of funding was toward infrastructure improvements. Ocean City directed $454,948 that it received through impact funds toward street repair in FY13 with the intention of doing the same in FY14. Likewise, the Ocean Pines Association has used $591,545 for street paving in FY13 and estimates a similar expenditure for FY14.

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