VIGO Co., Ind. (WTWO/WAWV) — Vigo County Commissioners voted in favor of a local development agreement for a proposed Hard Rock branded casino to come to Terre Haute.
“I think it’s a good opportunity to accept that offer and see how we can use it to benefit the community as a whole,” said Commissioner Brendan Kearns.
Spectacle Jack, LLC presented the local development agreement last Tuesday.
Based on the agreement, the $125 million casino would be located the east side of Terre Haute near the intersection of State Road 46 and Interstate 70.
The plan proposes creating a board of directors, who would be responsible for deciding how the estimated $6 million in tax revenue would be used for the county.
“What i would like to see is a good percentage of that money in the beginning go towards homeless initiatives and mental health funding,,” Kearns said.
Now that commissioners have approved the agreement, it will be sent to the Indiana Gaming Commission for further approval.
Once the casino is approved to be built, it will have to operate for a year before the county sees profit.
“We’re looking at a 2023 funding year for this. So, as long as things still go in motion then we’ll be able to see that additional money come to our community,” Kearns said.
Monday’s vote was a step in the process.
Spectacle Entertainment was the only operator to apply for the Terre Haute casino at the time of their application.