This Fiscal Note is not an official copy and should not be quoted or cited. The Gasconade County Commission assumes no fiscal impact to their county. City of Lexington officials stated the city's proposed project with Concorde Gaming Corporation is structured on that Corporation's direct purchase and ownership of the property involved, and no municipal monies are being used or proposed for use in the development for excursion boat gambling.
Officials assume no fiscal impact.
Officials of Cooper County and the City of Boonville submitted the following joint statement. Officials stated that the City of Boonville has a contractual obligation with Davis Gaming of Boonville to construct a riverfront redevelopment project a portion of which includes gaming. Officials stated that without the use of eminent domain some of the necessary property could not be acquired, therefore, officials assume that the project would be in jeopardy and could result in the project not being completed. Officials stated that if the project would not be completed there would be a loss to the city and county in the form of loss of revenue from property taxes, capital improvements, sales taxes, and payroll to workers. Oversight assumes that by restricting local authorities from using the power of eminent domain or local government funds to acquire property for developing riverboat gambling projects would have no direct local impact, but could increase property costs for developers.