Tribe contributes $1.6 million to local governments $33.6 million since casino opening
The Manistee Local Revenue Sharing Board met today, which included its grant-award meeting. The Little River Band of Ottawa Indians (LRBOI) has provided $1,65,457 to the Manistee County Local Sharing Revenue Board in 2017, representing local revenue sharing payments from its Little River Casino Resort.
In November, LRBOI made a payment of $930,065 and a payment in May of $735,391, bringing the total amount of local revenue sharing payments to $33,65,457 since the casino opened in 1999.
“The Little River Band of Ottawa Indians (LRBOI) is pleased to hear how the Manistee Local Revenue Sharing Board allocated grant funding to local agencies and organizations that will benefit our community.
“This revenue stemming from the local revenue contributions generated from our Little River Casino Resort continues to show how gaming provides a positive economic impact to both our tribe and local community,” said Little River Band of Ottawa Tribal Ogema Larry Romanelli.
The Cycle II 2017 payment represents 2 percent of the slot revenues from the tribe’s Little River Casino Resort during the past six months. Payments are made twice a year.
Under the gaming compact and amendment between the Tribe and the State of Michigan, the tribe mutually agreed to make annual distributions to the LRSB, which distributes the funds to local governments and schools in the area.
In addition, in accordance with the state gaming compact and amendment, the Little River Band has paid the state of Michigan $90 million to the Michigan Economic Development Corporation.
The annual Michigan Gaming Control Board (MGCB)/Michigan Economic Development Corporation (MEDC) Oversight payment outlined in the Compact of $50,000 for period Oct. 1, 2016 to Sept. 30, 2017 was also paid in November 2017.
The tribe has operated Little River Casino Resort for nearly 18 years.
The Little River Casino Resort is the largest employer in Manistee County with more than 1,000 employees.
The LRSB uses the funds to reimburse local units of governments for costs due to the casino (i.e. law enforcement and emergency services) and to provide a payment in lieu of property tax revenue.
Any additional funds are then divided by the local governments and have been used to provide funding for critical needs in the local community.