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Casino Investors Have Mixed Record Of Results

The developers who want to build a casino outside Portland have blanketed airwaves and mailboxes with promises of $100 million for schools and public services from a project they’re calling “The Grange.”

Oregon would get quite a bit more money if they gave the state the same deal they’ve given governments elsewhere. In other jurisdictions, the same developers share a much larger portion of their revenue with the government — 75 percent in British Columbia, 50 percent in New Brunswick, 45 percent in Illinois.

The investors say every market is different, and some have less competition or lower costs.

The primary investors behind the project are two Canadian companies with extensive experience in the gambling industry. Most of their projects have hit the jackpot, but a few have struggled.

the grange

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