State analysis: casino would shrink Oregon economy

| Print |  Email
Must Reads
Thursday, October 25, 2012

Between now and the Nov. 6 election, promoters of a vast new 3,500-slot-machine casino in Wood Village hope to keep voters’ attention off gambling and on other shiny features of their proposed development—a water slide, concert venue and farmers market.

And they will repeat the sunny claims (echoed by the news media) that the casino would create 2,000 new jobs while generating $100 million annually for Oregon schools and other public services.

“Fun for you,” the casino backers say. “Good for Oregon.”

But supporters of Measures 82 and 83, which would authorize the casino, probably won’t be talking about one financial analysis that sinks their arguments.

The analysis, obtained by WW, was written by the nonpartisan Legislative Revenue Office and takes into account all the impacts—positive and negative—from a huge casino in east Multnomah County.

The bottom line: The casino would probably cost state and local governments money and, on a broader basis, actually shrink the Oregon economy.

Read more in today's Willamette Week.

 

More Articles

Stemming the tide of money in politics

Linda Baker
Wednesday, June 10, 2015
 jeff-lang-2012-thumbBY LINDA BAKER

Jeff Lang and his wife Rae used to dole out campaign checks like candy.  “We were like alcoholics,” Lang says. ”We couldn’t just give a little.”


Read more...

Preserving the Legacy

July/August 2015
Monday, July 13, 2015
BY KIM MOORE | PHOTOS BY JASON E. KAPLAN

A New York floral and gift business takes on the iconic Harry & David brand.


Read more...

The Private 150: From Strength to Strength

July/August 2015
Monday, July 13, 2015
BY KIM MOORE

Revenues in Oregon's private, for profit sector maintained solid growth as the economy continued to rebound.


Read more...

Downtime with Debra Ringold

July/August 2015
Monday, July 13, 2015
BY JACOB PALMER

Dean of the Atkinson Graduate School of Management, Willamette University


Read more...

5 stats about Oregon fireworks

The Latest
Thursday, June 18, 2015
fireworksthumb001BY JACOB PALMER | DIGITAL NEWS EDITOR

Fireworks are a booming industry, even if the pyrotechnics have turned July 4th into a day fire marshals, and many residents, love to hate.


Read more...

Fixing Oregon’s broken roads

The Latest
Tuesday, June 09, 2015
RUCCostComparison rev4-30BY KIM MOORE | RESEARCH EDITOR

The technology at the center of Oregon’s road usage fee reform.


Read more...

House of Clarity

July/August 2015
Monday, July 13, 2015
BY JACOB PALMER

Holding a Power Lunch at Veritable Quandary in downtown Portland.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS