The City of New Orleans is hopefully on its way toward gaining some needed tax revenue
to help aid in the seemingly endless reconstruction process following the havoc
of Hurricane Katrina. Churchill Downs Incorporated has announced they are on
track once again to begin construction of a casino slots gaming facility
that was originally scheduled to begin in September 2005, just prior to the
landfall of Hurricane Katrina.
Due to extensive damage of Churchill Downs' Fair Grounds Racetrack
and many of the Fair Grounds off-track betting, pari-mutuel and video poker
facilities, construction of the 30,000 square foot, 700-slot machine parlor was
understandably delayed. Following Katrina, the immediate priorities for
Churchill Downs was to relocate employees and help them get back on their feet,
as well as repair Fair Grounds and all of the companies off-track betting sites
in the New Orleans area. With repairs now finished, Churchill Downs Executive
VP, Steve Sexton, has confirmed the company has begun giving full attention to
getting the slots facility built.
When all is said and done, the finished slots
parlor will be located in a permanent building immediately adjacent to the Fair
Grounds racetrack. The project, which will begin construction this summer, has
already been green-lighted by New Orleans officials, and is scheduled for
completion by late fall next year. Until that time, however, Fair Grounds is
seeking to build a temporary slots facility in their on-site simulcast wagering
parlor. Their proposal, which is still subject to approval by the New Orleans
City Council and City Planning Commission, is to renovate the first floor of the
Fair Grounds wagering parlor and install 250 slot machines.
Fair Grounds President and GM, Rancy Soth, said the
temporary slots parlor makes good sense. Not only will it speed up the flow of
badly needed tax revenue going to the City of New Orleans, a smaller slots
parlor will give Fair Grounds management an opportunity to learn the finer
points of operating a casino slots facility. Their experiences can, in turn, be
used to optimize the efficiency of the larger, permanent facility. Pending
approval of the temporary site, renovations to the current wagering parlor would
begin this spring with a completion date of October, 2007.