News

Another $1.8 million from casino

Coquitlam continues to gain millions of dollars from the Boulevard Casino - imAGE SUBMITTED
Coquitlam continues to gain millions of dollars from the Boulevard Casino
— image credit: imAGE SUBMITTED

Another quarter, another payout for Coquitlam.

Last week, the city collected $1.8 million from the provincial government as part of its cut as host municipality to the Boulevard Casino.

The amount is about the same as this quarter last year, said Sheena MacLeod, Coquitlam's manager of financial services, but down slightly from the previous two quarters.

Since the casino opened in 2002 on United Boulevard, Coquitlam has collected more than $85 million as part of its 10% cut, most of which is spent on major capital projects; the city also puts 12.5% into a community fund for local non-profit groups.

Last month, city council handed out more than $400,000 to non-profit community and sporting organizations in annual Spirit and Active grants.

Also in September, a bid by Port Coquitlam city council to have the provincial government better distribute gaming funds so communities surrounding a casino also get a piece of the pie was voted down at the Union of BC Municipalities convention in Victoria.

jwarren@tricitynews.com

 

We encourage an open exchange of ideas on this story's topic, but we ask you to follow our guidelines for respecting community standards. Personal attacks, inappropriate language, and off-topic comments may be removed, and comment privileges revoked, per our Terms of Use. Please see our FAQ if you have questions or concerns about using Facebook to comment.

You might like ...

Hunters protest shift favouring non-residents
 
Happy day: Elton John, David Furnish marry in England
 
Check out the Christmas light displays in the Tri-Cities this weekend
Apartment vacancy rates drop, rents rise in Lower Mainland
 
Surrey murder victim identifed as Jaylen Sandhu, 17
 
Surrey boy, 3, struck and abandoned
Festival of Trees raises $1,200 for Mission Christmas Bureau
 
Burnaby RCMP seek MVA witnesses
 
Large tree taken down in 7 hours

Community Events, December 2014

Add an Event


Read the latest eEdition

Browse the print edition page by page, including stories and ads.

Dec 19 edition online now. Browse the archives.