Thursday, December 31, 2009

Happy New Year

GettysBLOG would like to thank all the loyal readers of this blog and wish everyone a very Happy, Healthy, and Prosperous New Year!

As we ring out the old –
Let us not only remember the good times we had in 2009, let us also remember the bad, that we may learn humility from them.

As we ring in the new –
Let us pray for the wisdom to accept what we cannot change, and the ambition to change what we must in 2010.

Happy New Year!


We support the Roadmap to Reform!

“Be steadfast in your anger, be sure in your convictions, be moved by the right and certainty that abuse of power must be defeated at every turn; uphold Liberty as the just reward of a watchful people, and let not those who have infringed upon that Liberty steal it away from you. Never loosen your grip on Liberty!" -- GettysBLOG

“Legislation without representation is tyranny.” -- GettysBLOG

Remember in May and November! Before you vote, GettysBLOG!

Copyright © 2005-2010: GettysBLOG; All Rights Reserved.

Thursday, December 24, 2009

Merry Christmas to All

The Gospel According to Saint Luke

Chapter 2

1: And it came to pass in those days, that there went out a decree from Caesar Augustus, that all the world should be taxed.
2: (And this taxing was first made when Cyrenius was governor of Syria.)
3: And all went to be taxed, every one into his own city.
4: And Joseph also went up from Galilee, out of the city of Nazareth, into Judaea, unto the city of David, which is called Bethlehem; (because he was of the house and lineage of David:)
5: To be taxed with Mary his espoused wife, being great with child.
6: And so it was, that, while they were there, the days were accomplished that she should be delivered.
7: And she brought forth her firstborn son, and wrapped him in swaddling clothes, and laid him in a manger; because there was no room for them in the inn.
8: And there were in the same country shepherds abiding in the field, keeping watch over their flock by night.
9: And, lo, the angel of the Lord came upon them, and the glory of the Lord shone round about them: and they were sore afraid.
10: And the angel said unto them, Fear not: for, behold, I bring you good tidings of great joy, which shall be to all people.
11: For unto you is born this day in the city of David a Saviour, which is Christ the Lord.
12: And this shall be a sign unto you; Ye shall find the babe wrapped in swaddling clothes, lying in a manger.
13: And suddenly there was with the angel a multitude of the heavenly host praising God, and saying,
14: Glory to God in the highest, and on earth peace, good will toward men.

Merry Christmas

Maligayang Pasko
Sretan Božić
Kala Christouyenna
Buon Natale
Feliz Natal
Feliz Navidad
Felices Fiestas
Crăciun Fericit
God jul
Bon Nadal
Hyvää joulua
Häid jõule
Prettige Kerstdagen en een gelukkig nieuwjaar
Geseënde Kersfees en 'n voorspoedige nuwe jaar
Glædelig jul
Joyeux Noël
Fröhliche Weihnachten
Mele Kalikimaka
Nollaig Shona Duit
Nadolig Llawen a Blwyddyn Newydd Dda
S'Rozhdestvom Kristovym! (С Рождеством Христовым!)
Happy Kwanzaa
Habari Gani
Happy Hanukkah
Chag Sameach
Gut Yontiff
Milad Majeed
'Īd sa‘īd
Linksmų Šv. Kalėdų ir Naujųjų Metų
Gëzuar Krishtëlindjen dhe Vitin e Ri
Vrolijk Kerstfeest en Gelukkig Nieuwjaar
С Новым Годом (S Novim Godom)
Maligayang Pasko at Manigong Bagong Taon!!
Среќна Нова Година и Божиќни празници, Srekna Nova Godina i Bozikni praznici
Boldog karácsonyt/Kellemes karácsonyi ünnepeket



Copyright © 2005-2010, GettysBLOG; All Rights Reserved.

Wednesday, December 09, 2009

How Gettysburg Escaped the Casino [Repost]

The following is a repost of an April, 2007 post here.  It is relevant today. 

"How Gettysburg Escaped the Casino"

The Pennsylvania Gambling Control Board [PGCB] released their reasoning on how they arrived at their selections for granting licenses to applicants last December, and relevant to the Gettysburg area is why that application failed. The selections for winning bids awarded licenses for two free standing [Class 2] casinos to be built. Gettysburg celebrated over the rejection of the Crossroads investment groups' licensing bid to construct a 3,000 machine slot parlor at the intersection of US Routes 30 and 15, about a mile east of Gettysburg.

Today, the PGCB released their reasoning on how they selected the two Class 2 licensees out of the five that had submitted bid.

We have extracted from the PGCB's report [read the report: go to the PGCB link , and click on the Class 2 Orders and Adjudication Information button.]

...The Crossroads location is primarily rural without nearby population centers. As discussed below in Section C, Crossroads touts its location as desirable because of the populations to the South in the Baltimore/Washington D.C. markets. As addressed in that Section, the Board finds that Crossroads has not demonstrated to the Board’s satisfaction through credible evidence that the Crossroad’s location presents the advantages and benefits asserted by Crossroads...

...McCormick Taylor representative Federico also reviewed the traffic study submitted by Crossroads and testified at the final licensing hearing on December 13,2006 as to the review of site improvements by the applicant and PennDOT. The biggest concern expressed by the McCormick Taylor representative was the impact of the project on the reconstructed interchange of Routes 15 and 30. Federico testified that PennDOT is proposing a “rather innovative design for Pennsylvania for this interchange” and that issues related to the design have not yet been resolved. See Crossroads final licensing hearing transcript at p. 11. Federico’s November 15, 2006 report indicated several remaining traffic issues and stated that other than those issues, it appears that the proposed improvements adequately mitigate the projects impacts...

...With respect to the Crossroads project, Crossroads presented substantial testimony that it will rely in large part on the Baltimore, Maryland and Washington D.C. areas for its patronage and that 60% to 65% of its revenues would originate from outside the Commonwealth. The Gettysburg area itself is primarily a rural area without large population centers nearby to sustain the casino, thus the emphasis on the market to the South. In theory, this strategy is appealing. However, during the licensing hearings, Gettysburg presented testimony that it was “virtually the same drive time away” from the Baltimore/Washington D.C. market as Charlestown slots in West Virginia and that Charlestown had a casino win of $437 million in the fiscal year ending January 30, 2006. While that number is significant, the Board was not presented with any credible evidence to demonstrate how much of that Charlestown business could be expected to leave thatfacility and travel north to Gettysburg.

Further, the Board received testimony concerning the possibility of slot machines being introduced in Maryland and the impact that would have on the Gettysburg property. Gettysburg proponents testified that that they do not believe gaming legislation will be passed in Maryland in the “near future” but that even if it did, “we estimate that the revenue impact on Crossroads will be between 15 and 20 percent leaving Crossroads a substantial cushion above its break-even revenue level.” See Hearing transcript at p. 62. While the Board certainly is comforted by the testimony that Crossroads would have a cushion above its break-even revenue level, since the Board has a strong interest in “protecting its product” by assuring that the chosen casinos stay in business, a twenty percent decline in revenues would place the revenue generation estimates in the $216 million to $231 million range depending on whether the Task Force or Crossroads revenue estimates are utilized. This scenario would place Crossroads at the bottom of the revenue generation models, a position any applicant should desire to avoid in a competitive licensing situation as is present here...

...However, in the comparative setting to which these licenses are subject, the Board finds that the economic benefit of Crossroads and Tropicana, given the smaller economic commitments, likely will not be as significant as the benefits which will occur by virtue of the larger commitments and the spin-off business associated therewith of the Mount Airy, Sands Bethworks and Pocono Manor projects. This again is a factor which the Board weighs in favor of those applicants...

...Opposition was strongest in relation to the proximity of the casino to the historic Gettysburg battlefield areas and the effect the casino would have on the traditionally rural nature of the community. Section 1102(10) of the Act instructs that “the public interest of the citizens of this Commonwealth and the social effect of gaming shall be taken into consideration in any decision or order made.” While the Board duly noted and considered the degree and proportion of public opposition, the Board’s decision was not based solely on this factor.

So, it seems the Crossroads people, who had difficulty maintaining investors [they lost their principle investor, Morgan Stanly, just weeks before the license application closed, and had to scramble to replace them with another outfit with much less financial wallop; even as the PGCB was releasing the names of the licensees who were getting the casinos, individual investors were withdrawing], over estimated their economic market share, and under estimated the impact on the roads around the Casino. And in spite of what the PGCB states in the final paragraph above, public sentiment against the casino far outweighed those who supported the casino locally, and it did have a major impact on the decision.

We had fears that local investor and president of Crossroad investment group David Levan would appeal the board's December decision. When the deadline passed, the releif grew, but it was tempered by the realization that in the time it takes to snap your fingers, the Pennsylvania General Assembly could easily authorize five more Class 2 licenses, and that would open the door to another application for a casino in the Gettysburg area. Of course, the General Assembly would not take such action until at least 2 A.M.

The report posted today on the PGCB website, and partially reproduced above, should put those fears to rest, even in light of the potential for another late night legislative sideshow.

But don't bet on it!


We support the Roadmap to Reform!

“Kick the hubris out of Harrisburg!” -- THE CENTRIST

“Be steadfast in your anger, be sure in your convictions, be moved by the right and certainty that abuse of power must be defeated at every turn; uphold Liberty as the just reward of a watchful people, and let not those who have infringed upon that Liberty steal it away from you. Never loosen your grip on Liberty!" -- GettysBLOG

“Legislation without representation is tyranny.” -- GettysBLOG

Remember in November! Before you vote, GettysBLOG!

Copyright © 2007: GettysBLOG; All Rights Reserved.

Copyright © 2005-2010: GettysBLOG; All Rights Reserved.