Casino gives millions back to county - KTIV News 4 Sioux City IA: News, Weather and Sports

Casino gives millions back to county

Posted:
By Forrest Saunders, Multimedia Journalist - email
LARCHWOOD, Iowa (KTIV) -

Revenue from the Grand Falls Casino Resort, near Larchwood, Iowa, will equate to more than half a million in grants this year.

The $610,000 will be awarded through the casino's nonprofit partner, the Lyon County Riverboat Foundation.

In the almost two years Grand Falls has been open, managers say they've had a "terrific" revenue stream.

To date, the casino has turned about $3 million to their nonprofit.

"They have a great formula. Twenty-five percent goes to the town and the county of Lyon County. Another 25% goes to the three school districts. Then, a portion of that is allocated for the private schools," said Grand Falls General Manager Sharon Haselhoff.

The next deadline for the Lyon County Riverboat Foundation grant program is September 10th.

           

 

Powered by WorldNow
All content © Copyright 2000 - 2013 WorldNow and KTIV Television Inc. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.

Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Administrative Assistant Kathy Clayton at (712) 239-4100 x209. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at fccinfo@fcc.gov.