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Big economic impact expected from Racino
ANDERSON TOWNSHIP, Ohio (Jeff Hirsh) -- Ohio's fifth Racino opens Thursday.
A year-round destination to go with its summertime neighbors Riverbend and Coney Island, which already draw a million visitors a year. Township leaders expect the addition of Belterra Park to draw a lot more people to the area and drive new development by contributing millions in new revenue.
The Racino concept has pushed new life into the horse racing business. Belterra Park brings 830 jobs to the area. When talking about economic development, this is just the start. As they say in the horse racing business, "And they're off!"
There's always been a steady stream of business to the Five Mile Marathon Station. Now with the opening of Belterra Park just down the road, that stream may turn into a much steadier flow.
"They're expecting over a million cars extra per year," said Pradeep Varma, the owner of the Marathon on Five Mile.
The Racino and refurbished horse track has been an Anderson Township development dream for years. Now the hope is the 300 million dollar project will mean more business and more money.
Russ Jackson, an Anderson Township Trustee, said, "The interest we have seen from phone calls alone of people wanting to know what's happening, we have more in a week that we used to have in a year."
Trustee Jackson expects there to be at least one hotel in the area. The first day of live racing is May 8th. Ohio's final two Racinos will open this fall in Dayton and outside Youngstown.
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