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New Omaha casino seeks tax increment financing for project

Lynne McNally will tell you, the existing Horsemen's Park site will bear no resemblance to what it looks like now, as it transforms into one of the state's first casinos. "We're gonna have sports betting. We'll have simulcasting, of course. That's our bread and butter. And then we'll have a variety of casino games," McNally said. Sign up for our Newsletters After Nebraska voters approved expanded gambling in November, there are plans to open. ....

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Fonner Park chooses new casino operator


April 12, 2021
After a five-month selection process, Fonner Park has chosen Iowa-based casino operator Elite Casino Resorts, LLC to operate its planned $100 million Grand Island Casino Resort.
The Friday announcement comes after on November 4, 2020, Nebraska voters overwhelmingly approved measures giving existing state-licensed horseracing facilities the ability to offer games of chance such as slots. Almost immediately after, the thoroughbred horse racing facility in Grand Island began accepting proposals to which officials received nine responses to requests and
met with eight different operators to hear each of their respective plans.
Stand-out proposal:
According to KSNB Local4, Chief Executive Operator for Fonner Park, Chris Kotulak, and other park officials, said one of the proposals eventually stood out from the others as the right one for the project. The CEO said that after working with the executive board and four past presidents of Fonner Park, th ....

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Institutional Planning Pushes Dodge Momentum Index to Highest Level Since 2018


April 13, 2021
The Dodge Momentum Index moved 1.7 percent higher in March to 151.4 (2000=100) from the revised February reading of 148.8. The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first, or initial, report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. According to the March data, the Index hit its highest level since the summer of 2018 as a result of an increase in institutional projects that entered the planning stage, and which came on the heels of a similar gain for the sector in February. ....

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