Our city recently voted to go "wet." One of the main arguments used by the wets was that we would gain pots full of tax money from the sales of alcoholic beverages. It would be good for us!
About the time all this was going on, there was an article in the paper about the racing commission. Texas legalized gambling some years ago on the same argument -- "Look at all the tax money we'll get!"
Well, it seems that the state Racing Commission is short about $700,000. They want a bailout of $250,000. According to executive director Charla Ann King, "The industry is on the edge of the end." And she may be right. Lone Star Park in Grand Prairie is at risk of defaulting on $175 million in loans.
Yes, I can see that drinking and gambling are really good for us!
"Racing Commission seeks bailout." The Dallas Morning News; February 27, 2009; p. 3A.
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