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Lawsuit filed over Kansas Casino
CNNMoney.com, Tuesday, March 25, 2008 at 7:23:55 PM
Four Kansas residents have sued to block construction of a casino near Kansas Speedway, arguing it would benefit improperly from public funding of development in the area.
Their lawsuit in state district court targets casino proposals from a company and two partnerships competing for a contract from the state to build and operate a casino. Three other casino proposals wouldn't be affected.
The residents of Wyandotte County allege that if the state pursues a contract for a casino near the speedway, they would be forced to pay "illegal" taxes to support it. The speedway and retail development near it were financed partly with bonds issued by the state but are being paid off with sales-tax revenues generated by the development.
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