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Old 01-24-2015, 01:00 AM   #70
Crusty
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Join Date: Feb 2012
Location: Columbus OH / Smiths Pt
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Good morning... I'm sitting here about 800 miles away with a fresh ribbon in the old Smith Corona and have nothing better to do than add my two cents worth.

The problem that you face with the Weirs area is fairly simple: Very high costs associated with the property (taxes) and very few people to patronize the businesses most of the year. If you do place a nice business on the shore, why, the taxes will go through the roof. There is absolutely no reason to build a year-round business in such a high tax area. Anything at the Weirs will need to be water-centric and cater to the seasonal crowd.

As to building a "casino"... First of all, assuming this isn't to be a "seasonal casino", you'll need to boost the year-round local population by a few hundred thousand just to support on. --But let's assume that some swanky outfit does take the bait and opens one. You would be surprised at the results. For example, we just got a Casino here in Columbus (our city population is about the same as the state of NH). Everybody said that it would revitalize the area around it and the taxes would greatly benefit the city, county, and state. Well, the taxes never reached the level predicted, the cost to the city in required infrastructure upgrades weren't anticipated, and there was NO revitalization. What nobody considered is that the first rule of casinos is "nobody leaves". The casino provides onsite restaurants, hotels, bars, everything that you might want to leave for. No local business sees any casino traffic. --Oh, and the casino is not locally owned. All of the profits head to another state. We're just left with a lot of folks with a lot less money to spend in our town.
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