City, township agree to share casino revenue

Ohio’s capital city and a neighboring township have reached a deal on how they’ll split income taxes generated by Hollywood Casino Columbus.
Associated Press
Nov 18, 2013

The agreement ends a four-year dispute between Columbus and Franklin Township.

The casino sits on land that the city annexed from the township.

The Columbus Dispatch reported Columbus will get most of the estimated $4.6 million in annual income taxes, while Franklin Township will get about $750,000 each year for the next 50 years.

The city and township also agreed to share the tax revenue from businesses in a economic-development district around the casino.

Comments

Simple Enough II

I thought all counties were to see a division of revenue from all 4 casino's?

Blaze

Yes, all counties in Ohio get money but, the townships or cities where the casinos are built get more.

Erie County Resident

So this would make Erie Counties take at about $2.37 a year and our townships roughly $.25?