So, to be conservative, suppose gaming revenue flattened out at $20 million annually for Richmond. In 2014, the city will make its last $5 million payment for the Oval. But even if this lump sum is transferred to Minoru, and the city continues its RCMP and grant payments at the same level, it leaves about $13. 6 million of colourful Canadian cash leftover, annually. With $24 million already unallocated or in reserves, it would take just over five years Nike Air Max For Women 2015 to reach $100 million in savings. Perhaps another, complimentary Oval could be built? Or not. While city council has not received a long term forecast of capital expenditures, various projects have come up in meetings and conversations. Brodie noted the arts community desires a new performing arts centre. Womens Nike Air Max 95
6 million. By comparison, Burnaby's Villa Casino funded the City of Burnaby to the tune of $9. 6 million, while Vancouver got $8. 2 million for all of its gaming facilities. Much of it has to do with increased premium play, particularly baccarat, which is popular among Chinese gamblers; the casino has the largest baccarat floor in Canada. Keeling noted hotel stays, conference meetings and theatre shows bolster revenues by bringing people into the casino for a roll of the dice. Townsend noted the city makes conservative estimates on its gaming revenues and that the city is monitoring casino expansion in Downtown Vancouver as that may take away from Richmond's cash cow. But Keeling didn't seem too concerned. "It's difficult to answer but there's already a casino there," said Keeling. "The marketplace for gaming has gotten pretty crowded. With that said we continue to grow at an appreciable growth rate," he said.
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Or will council want to squirrel money away for improving its dykes or improving its carbon footprint as ocean levels rise.
expenses. As a result, casino money has allowed the city to build infrastructure other cities may not be able to build, without having to raise taxes or generate revenue elsewhere. "If you put it into the operating budget, the easiest thing is government gets addicted to gaming, and it can't live without it," noted Mayor Malcolm Brodie. However, the pot has become so large city councillors are asking staff to review how the funds have been distributed and what expenditures may be coming in the future. "I think we need to have a discussion about what we're going to do with the excess funds, to a certain extent," said Brodie. In 2002, the city reported gaming revenue of just $1. 9 million, prior to the River Rock being built. The same report suggested it would receive up to $6 million annually from the future River Rock. That number quickly reached $7. 5 million in 2004. As the casino expanded, revenue has increased each year since 2009. In 2013, the city got $17.
expanded community centre in Steveston. Womens Nike Air Max Thea White
City Centre will need another new community centre in the coming decade. Outgoing councillors Linda Barnes and Evelina Halsey Brandt both said more money should be spent on community grants and affordable housing.
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