Tag: casino revenue

    Niagara Falls facing major financial trouble

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    From WGRZ Channel 2 in Buffalo:

    A draft of an audit being prepared by the Office of the New York State Comptroller calls into question the budget and spending policies of the City of Niagara Falls and warns of potentially dire financial circumstances for the Cataract City unless officials there “take immediate steps” to get their financial house in order.

    The draft report notes the administration of Mayor Paul Dyster’s pattern of using casino revenues — which have steadily decreased in recent years — to balance the city’s budget, despite warnings against using so much of the casino revenues to do so.

    Who’s to blame for lack of Falls cash?

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    From WIVB channel 4 in Buffalo:

    Who’s to blame for holding up millions in much-needed casino revenue in Niagara Falls?

    On Tuesday, Mayor Paul Dyster raised eyebrows during a 9/11 ceremony when he dug into the Seneca Nation of Indians over the holdup and suggested that should a fire happen at their casino, their may not be fire protection available for those who won’t pay up. But the Senecas contend it is the state who is holding all the cards.

    Niagara Falls sets up fund to streamline hotel projects

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    From the Buffalo News:

    The city has created a $650,000 fund to use as an incentive for major hotel projects for the first time since it began receiving casino revenue more than five years ago.

    The money has been allocated to the city’s NFC Development Corp. to create a streamlined process to help upgrade hotels or construct new ones.

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