Dumfries Town Council approved the amended proffer agreement and memorandum of understanding between the town and Churchill Downs, owner and operator of The Rose Gaming Resort, which is under construction, six to one.
Under the new agreement, Churchhill Downs Group (CDG) would give the town $3.6 million, a one-time contribution in unrealized taxes due in 10 days, following the Special Town Council meeting on February 13, 2024, when the council agreed to the changes. Additionally, there is an additional $400,000 per month in lost tax revenue if the site does not open before August 1, 2024, as anticipated. The loss in tax income significantly impacted the town's finances and led to the implementing of an amended budget for the town, officials said.
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