Cincinnati Looking Better and Better

Officials are slated to announce Monday if more money has been added to the pot for legalizing slot machine gambling. They have added another $10 million to the $23 million they were already counting on if the slot machine initiative passes in November.

The Learn and Earn committee has been meeting with state and city leaders to discuss the slot machine proposal, and a deal has finally been reached.

The Hamilton County Commission President said that a deal had been reached, but would not say if he was now supporting it. Supposedly an additional $10 million would be held in escrow with the Cincinnati Business Committee. Other groups would then make applications to the fund to finance economic development projects in the area. The local leaders would then support Learn and Earn’s slot machine initiative.

Much of the criticism of late is due to the fact that the group’s slot machine proposal specifically excludes Cincinnati from the running to get a casino. This past May, Louis Beck offered to pay $2 million toward another slot machine initiative that would have allowed Cincinnati to get slot machines as well. He ran out of time to get the necessary signatures, however, and had to withdraw his slot machine proposal.

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