$1.7M from Coquitlam casino
Coquitlam coffers are flush with cash after the city received its latest payment as host to the Boulevard Casino.
The city received $1.7 million from the provincial government for the Oct. 1 to Dec. 31, 2011 quarter, bringing last year’s jackpot to about $7 million as part of the municipality’s 10% cut of net profits from the United Boulevard gambling venue.
To date, Coquitlam has received more than $79 million since the casino opened in October 2001 — 12.5% of which goes into a community capital fund for local non-profit groups and the balance into a municipal capital fund to pay for major projects such as roads and sports facilities.
jwarren@tricitynews.com
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