Wed07272016

Last updateWed, 27 Jul 2016 1pm

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Colonial Beach elementary school construction on track

Colonial Beach elementary school construction on track

The project manager for the construction of the new Colonial Beach Elementary School told the Coloni...

Tears after tragedy

Tears after tragedy

Jeff Trew of Colonial Beach put together a Vigil for Pulse/Orlando Victims at the CBHS football fiel...

Potomac River Festival draws crowds to Colonial Beach

Potomac River Festival draws crowds to Colonial Beach

The three-day 65th Annual Potomac River Festival went off without a hitch last week drawing thousand...

Blunt details ideas on improving Colonial Beach

Blunt details ideas on improving Colonial Beach

Colonial Beach Vice-Mayor Eddie Blunt, in a prepared address to his fellow council members Thursday,...

Potomac River Festival kicks off summer in CB

Potomac River Festival kicks off summer in CB

Annual crowd-pleaser runs June 10-12, includes carnival, parades, much more for whole family
Firework...

Crabs rebounding, but not happy about rain

Crabs rebounding, but not happy about rain

Recent surveys have shown the blue crab population in the Chesapeake Bay and the Potomac River is at...

 

 20160323cctower

 

Slots at the Riverboat in Colonial Beach

King George businessman Stan Palivoda and a group of investors who are looking to bring slot machines to the Riverboat in Colonial Beach saw their efforts take a large step forward today. Members of the Charles County delegation in the Maryland House of Delegates have introduced legislation that, if passed, will provide for a statewide referendum this year to amend the Maryland constitution to allow slot machines at the Riverboat.

If approved by voters, the Riverboat is expected to provide revenue of $95,818,250 by the year 2015. Since the gaming will take place in Maryland waters, Maryland will see approximately $46.5 million in tax revenue and Charles County, where the Riverboat is

considered to reside, will get approximately $5.5 million a year. While the local government will not get tax revenue, revenue from tourists, security, etc. will be a big boost to the local economy. The facility is expected to hire 1,200 employees.

The Riverboat will be expanded to accommodate the optimal slot machine count and remodeled to look and feel like a Las Vegas-style casino.

The town of Colonial Beach has a final draft of its Business District Restoration Plan which prompted Mayor Fred Rummage to say, “Having Maryland slots in Colonial Beach is just the catalyst we need to jump start our revitalization plan, and the timing couldn’t be more perfect!”

Colonial Beach had slots in the 1950’s when the Town was in the midst of a boom. Having slots again in 2014, when they are expected, would very possibly be a big boon to the Town and the region’s economy.

Palivoda was excited Wednesday when he heard that the legislation was introduced. He has told friends that he expects to move his paddleboat, the Vivian Hannah, to Colonial Beach in the near future as plans for the facility jell.

 

 

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