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Gary council unanimously approves $5 million wagering-tax pledge toward Lake County convention center
Summary
The Gary Common Council voted 8–0 to approve CPO 2026-07, authorizing city execution of financing documents for the Lake County Convention Center and pledging $5 million per year from wagering tax (net city commitment of $3.5 million annually after $1.5 million reimbursement from Hard Rock).
The Gary Common Council voted unanimously March 3 to approve CPO 2026-07, an ordinance authorizing the mayor and administration to execute financing documents for the Lake County Convention and Event Center.
A presenter identified as Brandon (S14) told the council the Redevelopment Authority would issue bonds for the project and that the city would pledge $5,000,000 per year from wagering tax revenues. "The 5,000,000 is coming from the wagering tax, but 1 and a half million per year be reimbursed by the Hard Rock," Brandon said, summarizing what he…
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