Commissioners announce proposal to benefit Austintown Racino - WFMJ.com News weather sports for Youngstown-Warren Ohio

Commissioners announce proposal to benefit Austintown Racino

Posted: Updated:

AUSTINTOWN, Ohio - Mahoning County Commissioners have announced a proposal designed to increase the benefit of new tax dollars from the Hollywood Gaming Casino and Racetrack.

The proposal came as commissioners were given a progress update on the project.

A representative for Penn-National Gaming provided the county with a power-point update on the racino's construction, along with new visuals of what it will look like upon completion.

The county wants to maximize the benefit of projects tax dollars by creating what is called a TIF district, which stands for Tax Increment Financing; a public financing method to use future gains in taxes to subsidize current community improvements.

Commissioners say the TIF will designate 50 percent of future taxes to the county over a ten-year period, which would amount to more than $6 million.

"If we take 20 percent matching funds and the TIF District creates $6 million, that comes back to the county. We take that and we can parlay that into $30 million," says Mahoning County Commissioner Dave Ditzler.

The projects would focus on roads and infrastructure improvements.

"Redoing Merridian Road from end to end, both resurfacing, sewers; storm sewers, sanitary sewers, these are huge benefits to our Valley," says Ditzler.

The county engineer says the plan would be a boost for needed improvements.

"That enables us to do some larger projects more frequently and faster than we normally would," says Mahoning County Engineer Patrick Ginnetti.

Commissioners say the TIF district proposal will be on their agenda for a vote next week.

 

  • More From wfmj.comHot ClicksMore>>

  • Caller told FBI Florida shooting suspect 'going to explode'

    Caller told FBI Florida shooting suspect 'going to explode'

    Sunday, February 25 2018 6:27 AM EST2018-02-25 11:27:10 GMT
    (Mike Stocker/South Florida Sun-Sentinel via AP). Margarita Lasalle, a bookkeeper and Joellen Berman, a guidance data specialist, look at a memorial Friday, Feb. 23, 2018 as teachers and school administrators returned to Marjory Stoneman Douglas High S...(Mike Stocker/South Florida Sun-Sentinel via AP). Margarita Lasalle, a bookkeeper and Joellen Berman, a guidance data specialist, look at a memorial Friday, Feb. 23, 2018 as teachers and school administrators returned to Marjory Stoneman Douglas High S...
    A woman close the man charged with killing 17 people at a Florida high school warned the FBI he had rifles and said, "I know he is going to explode.".More >>
    A woman close the man charged with killing 17 people at a Florida high school warned the FBI he had rifles and said, "I know he is going to explode.".More >>
  • Billy Graham's body arrives at namesake library

    Billy Graham's body arrives at namesake library

    Sunday, February 25 2018 6:27 AM EST2018-02-25 11:27:03 GMT
    (AP Photo/Nell Redmond, File). FILE - In this Dec. 20, 2010 file photo, evangelist Billy Graham, 92, speaks during an interview at the Billy Graham Evangelistic Association headquarters in Charlotte, N.C. Graham, who died Wednesday, Feb. 21, 2018, at h...(AP Photo/Nell Redmond, File). FILE - In this Dec. 20, 2010 file photo, evangelist Billy Graham, 92, speaks during an interview at the Billy Graham Evangelistic Association headquarters in Charlotte, N.C. Graham, who died Wednesday, Feb. 21, 2018, at h...
    The Rev. Billy Graham's body will be brought to his hometown of Charlotte on Saturday as part of a procession expected to draw crowds of well-wishers.More >>
    The Rev. Billy Graham's body will be brought to his hometown of Charlotte on Saturday as part of a procession expected to draw crowds of well-wishers.More >>
  • After years of dejection, proponents of gun laws see hope

    After years of dejection, proponents of gun laws see hope

    Sunday, February 25 2018 6:26 AM EST2018-02-25 11:26:26 GMT
    (Michael Laughlin/South Florida Sun-Sentinel via AP, File). FILE - This Feb. 21, 2018 file photo shows Marjory Stoneman Douglas High School student Cameron Kasky, left, asking a question to Sen. Marco Rubio during a CNN town hall meeting in Sunrise, Fl...(Michael Laughlin/South Florida Sun-Sentinel via AP, File). FILE - This Feb. 21, 2018 file photo shows Marjory Stoneman Douglas High School student Cameron Kasky, left, asking a question to Sen. Marco Rubio during a CNN town hall meeting in Sunrise, Fl...
    "Our kids have started a revolution:" Teens' activism after Florida school shooting has some hopeful for action on gun policy.More >>
    "Our kids have started a revolution:" Teens' activism after Florida school shooting has some hopeful for action on gun policy.More >>
Powered by Frankly
All content © Copyright 2000 - 2018 WFMJ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms