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by Matthew Hoekstra Staff Reporter River Rock Casino Resort has become the most profitable casino in B.C., leaving the City of Richmond with a problem other municipalities only dream about. Policy-makers debated Monday what to do with the millions of dollars pouring into city coffers each year— a reward for having a casino in their jurisdiction. City council decided to largely stay the course by saving most for capital projects, but not before giving itself a bonus bank account. Since the casino opened a decade ago, the city has funnelled much of its millions into capital reserve accounts, and to pay down debt from building the Richmond Olympic Oval, and now the Minoru Complex. But high-stakes gamblers have pushed gaming revenues to new heights. Richmond’s casino earnings totalled $21 million last year—nearly double earnings of five years ago—and there’s no sign it’s slowing down. B.C. Lottery Corporation predicts
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Council to get $3-million bank account Bankrolled by gaming revenue, Council Community Initiatives fund is not a ‘slush fund,’ says councillor
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City seeks solutions on non-English signs
City’s share of gaming revenue •2003: $2.7 million (from Richmond Casino) •2004: $7.5 million (River Rock opened June 2004) •2005: $11.2 million •2006: $12.2 million •2007: $12.8 million •2008: $12.2 million •2009: $11.9 million •2010: $12.6 million •2011: $13.7 million •2012: $15.6 million •2013: $17.6 million •2014: $21.0 million continued growth in gaming revenue, fuelled by high-limit table games, in the next three years, according to its recently-released service plan. Richmond’s new spending plan endorsed unanimously by council this week strays little from the current practice of squirrelling away most for capital projects, along with paying down debt and funding four RCMP officers. Council also agreed to deposit $12 million of casino surplus into its capital reserves account. What’s new is the so-called Council Community Initiatives account. With an initial investment of $3 million, the account would also receive two per cent of casino revenue annually, an amount estimated at $400,000 in 2016. See Page 3
Matthew Hoekstra photo Graphic facilitator Sam Bradd completes a giant poster of ideas shared at the city’s community workshop on the issue of language on signs. See story, page 3.
City seeks to enlist others in port fight Resolution asks federal government to ban port from buying farmland by Matthew Hoekstra Staff Reporter Richmond city council is asking for help in its fight to quash Port Metro Vancouver’s quest for farmland. Civic politicians endorsed a resolution Monday they hope will earn the backing of the Lower Mainland Local Government Association, the Union of B.C. Municipalities and the Federation of Canadian Municipalities. The resolution requests the federal gov-
ernment to cancel the transfer of 92.8 hectares of East Richmond farmland— the former Gilmore Farm—to the port’s Richmond property. It also asks to ban the port from buying more farmland, and to set up a formal dispute resolution process between municipalities and the port. Amarjeet Rattan, director of intergovernmental relations for the city, said the resolution sends “a very clear signal” to federal officials that these are “serious concerns” for Richmond. Council ordered the resolution after blasting the port’s long-term plan, calling the federal body “a pending threat” to farmland. That plan, staff found, offers no assurances that farmland would be protected from port expansion.
The port already controls a large area of East Richmond, and city hall has no power to stop its expansion. “A concern exists that Port Metro Vancouver has not stated where in the Metro Vancouver region it will expand its holdings, if it will expand in Richmond and that it will not expand on agricultural land,” noted Rattan in his report this week. “All indications are that Port Metro Vancouver will continue to purchase more agricultural land in the city and throughout the Metro Vancouver region for their future expansion.” Port officials say the plan, finalized last fall, responds to growth in Canada’s trade while protecting the environment and “contributing positively” to First Nations and local communities.
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