The January bankruptcy filing by the division of Caesars Entertainment Corp. Still, the city says Horseshoe has created 1,100 jobs for city residents among 1,815 overall. The funding gap has squeezed some initiatives, contributing to the city’s decision this year to “pause” the mayor’s commitment to cut property taxes by 20 cents by 2020. Instead, only $5.9 million was made available. City and community leaders had expected $7 million to $10 million for such projects in nearby neighborhoods such as Westport and Pigtown during the last fiscal year. Under state law, 5.5 percent of slots profits must go to “community impact grants” near the casino for projects such as streets improvements, summer learning programs for young children and additional law enforcement. Bill Ferguson, who chairs the Baltimore Casino Local Development Council, which advises the city on how best to use the funds derived from casino revenue.įerguson said the casino’s revenues still have funded important projects, such as a just-opened employment center in the industrial Carroll-Camden area where it’s located.

“It’s clear that it is below the estimates provided,” said state Sen. Baltimore Sun eNewspaper Home Page Close Menuīut the disparity between forecasts and reality has meant significantly less money than anticipated for the state’s Education Trust Fund and for community enhancement projects in neighborhoods near the casino.

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