Ohio Hopeful about Casino Projects
Tuesday, July 13th, 2010It was last November when the voting public in Ohio approved of four casinos in four major cities within the state. Part of their main reasoning for bringing casinos in was the potential job creation. During the recession one of the biggest problems was the heightened unemployment rate. No matter how hard the economy rallied, the unemployment rate continued to move up. Most US cities experienced a rate that was well into the double digits and some states even moved into the forty percent range at their worst. The difficulties posed made it hard for residents of the state of Ohio to say no when given the issue of building four mega-sized casinos.
Now that the four casinos are on their way to being a reality, developers are voicing their committment to hiring locals only for positions available once the casinos open. In addition, they are also saying that they will be hiring only local contractors and developers to build the casinos. This is carrying through with their former promise and proving to be welcomed news for all of the state’s residents. Most are still in some form of unemployment, or working only part time. They want to find permanent full time positions to carry them through their monthly bills and help them to meet their budgets. It will take some time for them to get the former levels of income pre-recession and this is a great start to helping them move forward financially.
Expect coming months to bring more and more jobs to the area. Hopefully, people will also come in and gamble at the four casinos. History has shown that just because they build it, doesn’t necessarily mean that people will come in and support it. Las Vegas’ City Center is a classic example of how difficult it can be to spur in new customers to casinos. City Center is MGM’s billion-dollar development that came along with much hoopla and buzz, but it has failed to reach the revenue needed to help developers make back their investment. It has underperformed and many of the condominiums at the location remain vacant. Ohio is still waiting for a different story though. Ohio officials want people to come in and help build up the state’s economy. Only time will tell what will happen.

