Thanks for the thought experiment AtwaterLouse but I was hoping someone would build a case based on the details of the project. I am curious if the estimated taxes from the casino will pay for the city's support such as policing the area, maintaining the roads etc. What affect will 'having something to do downtown' have on the other options in the area? If you go to a theater and a casino, you will notice that the demographic is similar. Will this casino draw out of town visitors or are we just shifting money from the arts scene? What are the ramifications of having a major institution downtown that is technically not subject to the laws of the city, county and state? What affect will this have on the city's political scene? The Indian casinos in California are some of the biggest contributors to political campaigns in the state, take a look to see what they just got in return: http://www.insidebayarea.com/ci_6249344?source=rss Note that in addition to the power of money, they also have the power of the vote, yet the citizens of Buffalo can't vote in any Seneca institution.
JohnnyWalker brought up a good point about jobs. Is there anything else I am missing though? It just doesn't seem like a net benefit to me and the potential downsides are huge.
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