Supplier News
US – Maryland Live! delivers $67m in local impact grants
By Phil - 28 July 2015
Since opening on June 6, 2012, revenue from The Cordish Companies’ Maryland Live! Casino has generated over $67m in local impact grants to benefit numerous neighbourhood civic organizations in Anne Arundel County.
The grants, which are derived from Maryland Live! Casino gaming tax, are awarded through recommendations from the Anne Arundel County Local Development Council (LDC), which helps to manage the allocation of county gaming tax revenue to local organizations.In just three years, the LDC has awarded over $67 million in grants towards county operational and capital programs, including over a million dollars in community grants.
“Our commitment to supporting the growth of Anne Arundel County is unwavering,” said Joe Weinberg, Managing Partner, The Cordish Companies. “We are so proud to see funds of over $67m generated from Maryland Live! Casino in just three years going to support and enhance worthwhile projects and communities in our area.”
This week, The Cordish Companies and Anne Arundel County awarded $16 million in local impact grants for fiscal year 2016.
“I’m thrilled to see organizations in our area getting the financial support they need,” said Anne Arundel County Executive Steve Schuh. “Maryland Live! and The Cordish Companies are fantastic partners in making Anne Arundel County the best place to live, work, and start a business in Maryland.”
“The LDC members are very excited about several of the projects to be funded this year, including new vehicles for the Arundel Mills-based police force that allow them to better see across lanes in the parking lots, as well as new technology investments, such as license plate readers and communication boards, to assist in the prevention of crime,” said Claire Louder, LDC Chairman. “In addition, we have the opportunity to improve the athletic fields at Meade High School, adding restrooms adjacent to the field in place of the current porta-potties and lighting for the walkway from the field to the parking lot.”
The Local Development Council was established in Anne Arundel County after the opening of The Cordish Companies’ Maryland Live! Casino on June 6, 2012. The LDC consists of 15 members appointed by the County Executive to serve and advise the County on recommendations for the distribution and expenditure of revenues raised at Maryland Live! Casino through local impact grants.
Community based organizations and nonprofit groups located generally within a three mile radius of Maryland Live! Casino are eligible to apply for a local impact grant.
