North Bay Casino Meeting Finalizes Details
North Bay is reportedly in the process of making an essential decision for the future construction of Gateway Casinos’ most recent planned project. Wednesday, 12 December saw a long-awaited meeting hosted by the City Council, which was intended to make the exact location of the upcoming gaming facility known.
Along with this, the meeting also aimed to clarify crucial arrangements to ensure that the revenue generated by the property is used for everything that is needed for the local community to thrive and grow.
This development has come after a period of intense questioning and speculation regarding the future of the planned gaming venue, which is set to bring many improvements to the North Bay region. Its operation is anticipated to benefit neighboring communities like East Ferris and the Callander Township as well, and it is about time that North Bay residents were given the chance to learn more about the project that has been in the pipeline for months now.
Project Given the Go-Ahead
The meeting hosted in Wednesday gave the official green light to the project, as local authorities are now expected to issue a permit to Gateway for operation, cementing its market position. This move has confirmed that the project will indeed happen, boosting the regional economy and giving individuals an opportunity to join Cascades Casino’s workforce in the near future too.
Additionally, the meeting also spent time deliberating on another important aspect of the site’s future operation, as this topic would establish the resort’s final location. There have been several proposed sports for it, with the developer and operator having suggested the North Bay Regional Health Center just off Highway 17. However, after weeks of talks with the Ministry of Transportation, this idea was scrapped.
In September, news was then revealed that the operator had been eyeing a more suitable piece of land instead. The last known proposal for a lot of land was for a 7-acre parcel based near Highway 11, which will have the benefit of attracting many customers to the venue thanks to easy access and high visibility.
North Bay Welcomes Development
As well as these two crucial points that were discussed during the meeting, a third point of discussion was also raised; dealing with the Municipality Contribution Agreement. With the help of this deal, the operation of the future venue will be mutually advantageous to all parties involved by bringing an economic boost to the local region and its residents.
Chief Administrative Officer Keith Robicheau of the City of North Bay, who resigned from his post this week, shared this information. To date, the region has a contribution deal stating that 5.25% of the first $65 million earned by electronic gaming revenue in any year will be allocated to the host community, and has thus welcomed the casino plans.
The venue is expected to provide as many as 200 regional jobs, and will also boost many other smaller companies in the area.