In opposition to the TIF plan, former Omaha Mayor Hal Daub said: 'We oppose the notion that taxpayers of this community should be forced to subsidize the project when sponsors paid millions heralding this opportunity by virtue of amending our state's constitution.'
However, opponents wondered why a casino that is set to make millions needed a tax break. The Ho-Chunk Inc.subsidiary’s casino will be located on 62nd and Q streets, and it will be among the first casinos in the state that was authorized by voters who chose to expand gambling across Nebraska at sites where horse racing takes place.ĭevelopers argued the project would 'not be feasible' without tax increment financing (TIF), saying the $220 million was 'at-risk' money. On Tuesday, the Omaha City Council voted 6-1 to approve a plan to provide $17.5 million in tax incentives for the development of a $220 million casino project from WarHorse Gaming Omaha, on the Horsemen’s Park property.
During Tuesday's city council meeting, developers argued that the redevelopment project for Omaha’s Horsemen’s Park would ‘not be feasible’ without tax increment financing (TIF).
