Woolwich would share casino revenue if need exists, says mayor
Posted: Mar 15, 2013 9:50 AM ET
Last Updated: Mar 15, 2013 12:48 PM ET
Woolwich Township Mayor Todd Cowan is open to sharing revenue with Waterloo Region from a proposed casino in the area, but only if the need exists for increased policing and social services.
Kitchener Mayor Carl Zehr has been pushing for a revenue-sharing deal if a casino comes to Woolwich Township to help defray the potential increases.
The Morning Edition host Craig Norris asked Cowan about revenue-sharing in a interview Friday morning.
"That's like us asking for a share of the revenue from some of the other things that go on in the region," Cowan told Norris.
Cowan went on to clairify that he understood Zehr's concern about increased costs.Woolwich Township Mayor Todd Cowan.
He said a casino would generate around $3 million a year in taxes, and over half of that would go to the Region of Waterloo.
If there were increases in services beyond that, "We'd be more than willing to pony up if need be," said Cowan.
The economic impact report presented to Woolwich Township council on March 5, indicated that property tax revenue could be as high as $3.5 million. Another $900,000, from one-time development charges, would be shared between the township, school boards and the region. The township voted to support a bid for a casino at that meeting.
A casino is estimated to bring in around $4 million a year in gaming revenue, and that amount is what Zehr is asking to be shared with the Region of Waterloo.
Earlier this week Zehr and Waterloo Mayor Brenda Halloran both told the CBC that their city councils will have preliminary votes this month on whether to hold public consultations on a casino.
Latest Kitchener-Waterloo News Headlines
- Police seek Kitchener robbery suspect
- Waterloo Regional Police are searching for a male suspect in connection with a robbery and stabbing in Kitchener. more »
- 15 teens on school hiking trip found after night in wilderness
- A group of local teenagers on a school hiking trip in Bruce Peninsula National Park have been found after they were separated from the main group and spent a night in the wilderness. more »
- Five Fun Things To Do in Waterloo Region This Weekend - May 25-26
- Looking for something awesome to do in Waterloo Region? Our online host Andrea Bellemare has you covered, from bikes to cars to quilt auctions to dance and more. more »
- 2nd suspect in Tim Bosma murder case to plead not guilty
- The lawyer for Mark Smich says the Oakville, Ont., resident will plead not guilty to first-degree murder in the death of Tim Bosma, the Hamilton man who disappeared earlier this month after taking two men on a test drive of his truck. more »
Top News Headlines
- Washington police blame bridge collapse on Alberta trucker
- Washington State police say an Alberta trucker was responsible for hitting a steel beam precipitating a bridge collapse on one of the busiest routes in the American northwest. more »
- Royal Bank pledges not to outsource jobs for cash savings
- Royal Bank has promised it will never outsource a Canadian job to a foreign worker solely to save money. more »
- Canada ranks 3rd last in paid vacations
- Canada ranks third last among economically advanced countries in the amount of paid vacation time it guarantees its workers, a new U.S. study indicates. more »
- Group calls for probe of Tory database used in election robocalls
- The Council of Canadians is calling on the Conservative Party to make a list of everyone who had access to its electoral database during the last federal election and turn the information over to the RCMP and the commissioner of elections. "Anything less at this point would be a coverup," the council said in a press release Friday. more »