COMMITTEE DROPS BOTH RACETRACKS - Angry Debate: Winners And Losers

(08/21/2003)

The Economic Development Grant Committee selected 50 projects in 27 counties yesterday to receive a total of $225 million dollar in state assistance. The committee dropped both racetrack proposals, one at Flatwoods and the other in Kanawha County, after what was described as an angry debate. Committee members could not agree which of the two $13 million dollar proposals was worth funding. After more than 90 minutes of debate, they voted to remove both from the process. The committee cut 12 of 62 final applicants entirely and reduced the requests of 25 others, causing deep disappointment among those rejected. To be funded by the sale of bonds paid off by $19 million dollars in annual video lottery revenue, the grants are designed to fund projects that create or retain jobs, can attract other funding and serve the public interest.

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