WRPA gives final planning approval for Austintown racino - 21 News Now, More Local News for Youngstown, Ohio -

WRPA gives final planning approval for Austintown racino

Posted: Updated:

AUSTINTOWN, Ohio - The Board of Directors of the Western Reserve Port Authority have approved the final steps for financing Penn National's Hollywood at Mahoning County Race Course in Austintown.

According to a release, the racino was approved $60 million in Port Authority revenue bonds.

The WRPA will lease the land from Penn National, and lease the area and facilities back to Penn National. The payments will repay the bonds issued by the WRPA.

The release states that the company will use the financing provided by the bonds to construct elements of the "racino," and Penn National will invest an additional $65 million in the project.

The project is expected to create 1,00 jobs during construction alone. When the facility opens in 2014, it will create 1,000 more jobs.

  • More From wfmj.comMore>>

  • Police: Couple used dog to lure 2 Amish girls

    Police: Couple used dog to lure 2 Amish girls

    Thursday, August 21 2014 10:04 PM EDT2014-08-22 02:04:19 GMT
    A woman accused along with her boyfriend of abducting and sexually abusing two young Amish sisters is due in court for a preliminary hearing.More >>
    A northern New York couple used a dog to lure two Amish sisters from their family farm stand with a plan to turn them into slaves, an investigator said Thursday.More >>
  • State won't sell naming rights for Ohio Turnpike

    State won't sell naming rights for Ohio Turnpike

    Thursday, August 21 2014 9:30 PM EDT2014-08-22 01:30:13 GMT
    Ohio will pursue opportunities to collect revenue through sponsorships along the state turnpike but will not sell naming rights for the 241-mile toll road.More >>
    Ohio will pursue opportunities to collect revenue through sponsorships along the state turnpike but will not sell naming rights for the 241-mile toll road.
    More >>
  • Ohio State president meets with band leaders

    Ohio State president meets with band leaders

    Thursday, August 21 2014 9:23 PM EDT2014-08-22 01:23:42 GMT
    Courtesy:  NBC NewsCourtesy: NBC News
    Student and staff leaders of the Ohio State marching band have met with the university's president to share concerns over the firing of a popular band directorMore >>
    Student and staff leaders of the Ohio State marching band have met with the university's president to share concerns over the firing of a popular band directorMore >>
Powered by WorldNow
All content © Copyright 2000 - 2014 Worldnow and WFMJ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms