Mississippi’s Tunica Turns to Wind Energy to Propel Economy

Must read

[ad_1]

Posted on: July 19, 2023, 11:06h. 

Last updated on: July 19, 2023, 11:17h.

Local officials in Mississippi’s Tunica County are betting on a forthcoming wind energy farm to prop up the region’s economy as casinos there continue to see their business climate change.

Mississippi Tunica casinos gaming Amazon wind farm
The AES Delta Wind Farm is seen under construction in June 2023 in Tunica County, Miss. Tunica officials hope the forthcoming wind farm will help bridge tax losses incurred by reduced gaming revenue at the city’s seven riverboats. (Image: AES)

Tunica is one of the more impoverished counties, not only in the state, but in the entire country. The county located in the northwestern part of Mississippi continues to see its population decline, with the US Census Bureau estimating that fewer than 10K people now call the riverboat casino town their home.

The federal government reports that more than one in four Tunica residents live in poverty, with the annual median household income at just $41,200. The town would likely be worse off if it weren’t for Tunica welcoming riverboat casinos in the early 1990s.

Tunica’s riverboats once represented one of the largest local gaming industries outside of Las Vegas and Atlantic City. But as commercial gambling has expanded across the US in recent decades, most consequentially in neighboring Arkansas, Tunica’s gaming interests have struggled to retain patrons. As a result, the riverboats have seen gross gaming revenue (GGR) tumble.

Economic Gust Forthcoming

While the local economy has certainly been better, Tunica officials are optimistic about reversing those fortunes by way of a wind farm. Virginia-based energy producer AES is building a utility-scale wind farm in Tunica that will primarily sell energy to Amazon.

Amazon operates fulfillment and sortation centers, a delivery facility, and a Whole Foods Market in northwestern Mississippi. The wind farm will be the first utility-scale wind farm in the state.

The wind farm, Tunica officials say, will deliver the county millions of dollars in annual property taxes. Government leaders say the money will help fund desperately-needed upgrades to the county’s public schools. K-12 test scores in Tunica have been among the lowest in the state for several years.

Construction of the wind farm has also created 300 temporary jobs, but the facility will only require about seven to 10 employees to maintain it once its operational. The wind farm is expected to be ready in early 2024.

These types of projects are not going to come in and solve all the problems with our communities, but it’s a start. It’s a start and a step in the right direction,” said Charles Finkley Jr., director of the Tunica County Chamber of Commerce and Economic Development.

Critics, however, panned the county’s decision to provide AES with considerable tax incentives.

County officials counter that the wind farm will generate more than $60 million in property taxes over the next 30 years. But if the wind farm hadn’t been lured in with those inducements, the vacant property would have been on the hook for only about $20K in property taxes during the three-decade period.

Casino Fortunes

Tunica’s casino industry consists of seven casinos, including 1st Jackpot, Fitzgerald’s, Gold Strike, Hollywood, Horseshoe, Isle of Capri, and Sam’s Town. The properties are located north of Tunica proper in Tunica Resorts, the resort corridor that was known as Robinsonville until 2005.

Tunica’s annual gaming revenue declined each year from 2012 through 2020. Pent-up demand following the pandemic resulted in the seven casinos winning $696.1 million in 2021, which was a nearly 20% surge from 2019 revenues. Play has since subsided, as GGR last year in Tunica totaled $636.4 million, an almost 9% year-over-year drop.

During the 2000s and 2010s, Tunica casinos averaged around $1 billion a year in GGR.

[ad_2]

Source link

More articles

- Advertisement -spot_img

Latest article

tutorial jackpot mudah mesin slot mahjong ways 2 langsung maxwin 100 jutateknik spesial dapatkan slot scatter hitam mahjong wayscara menjadi tak terkalahkan di permainan mahjong terbaruslot terbaik pada masa ini di pegang oleh perusahaan pragmatic playbasecamp di buat heboh karena penemuan pola gacor slot online zeusdua sejoli berbagi pola gacor slot online princess untuk dapatkan hoki bersamaliburan ke sapporo menggunakan uang hasil kemenangan slot online mahjongalasan bet 800 akan lebih gacor pada permainan slot mahjong waysketemu cara mudah akali sistem slot mahjong ways jaminan banjir scattertidak mengenal kalah dalam bermain slot gacor terbaruhanya butuh modal algortima slot mahjong ketemu celah maxwin ratusan jutatrik menipu bandar judi dengan bermain slot online all in betcara cepat profit bermain permainan mahjong ways 2 onlineguru sekolah swasta menyarankan memakai pola slot dari dia untuk menang di mahjong ways2kantin universitas di grebek karena menemukan pola slot gacor olympusapakah pemain receh akan kesulitan bermain slot olympus setelah update bet minimal 800menggunakan fitur buy spin untuk mengakali minimal bet dari gates of olympuspasangan suami istri membuat pola untuk kemenangan slot online olympusbikin geleng geleng kepala cara ter jitu mengalahkan bandar slot online ternyata beginimain slot online olympussecara teori sangat gampang jackpot main slot olympus 1000 dengan bet dan modal besarcara mudah menang besar dalam bermain permainan mahjong terbaru dari pg softkemenangan besar dengan pola spin baru slot starlight princess 1000 cair 200 jutamekanik handal penemu pola slot online gacor mahjong waysgunakan prediksi ai untuk menentukan pola gacor yang tepat sebelum main slot mahjong ways 2admin agus bocorkan jam gacor mesin slot mahjong ways 2 sekali spin cair 1 jutatrik terbaru menempuh jalur jackpot besar dengan cara spin manual di permainan slot online mahjong ways 2mudah profit cara cepat jackpot dengan memainkan permainan slot online yang lagi naik daungadis di perkosa pola slot online untuk memberikan kemenangan di mahjong ways2minuman herbal untuk menambah hoki di slot online bonanzacara pintar generasi z mendapat penghasilan tetap di mahjong waysrela dimodifikasi menjadi robot agar bisa menang di slot mahjong wayssekarang juga nikmati slot anti rungkad olympus spesial bandar borneotogel aslisekali spin jamin jackpot besar dengan trik ini ternyata gampang bangetmodal besar memberikan jaminan menang slot mahjong ways lebih gacorcara menentukan banjir scatter maxwin pada permainan slot mahjong provider pgsoftpola permainan slot 30 spin manual pertama jamin jackpot super di permainan gates of olympus pragmatic playtidak bohon begini cara mudah jackpot dalam bermain permainan sweet bonanza 1000 dari pragmatic playbongkar kontainer yang berisi ratusan pola gacor olympusbule di bali menerobos pola slot online mahjong ways2 untuk dapatkan scatter hitamoknum dishub palak supir angkot akibat jp slot online mahjong ways2warteg penjual pola slot online hoki mahjong ways2lima abg indonesia meminta maaf akibat penemuan pola slot gacor online princess x1000slot gacor permainan gates of gatotkaca 1000 jamin perkalian x1000 dalam jackpot di bet 4 ribu rupiahikutin pola gacor plot twist yang sesungguhnya pada slot mahjong waysramalan pola mahjong ways dengan menggunakan statistik bet milik pria sigmaakun sakti pilihan admin menjamin kemenangan pertamamu di permainan slot pragmatic playinfo terbaru memberantas bandar judi slot yang curang tidak membayar memberdemo di depan kantor walikota demi mendapatkan pola gacor slot online princes x1000polisi memburu pelaku pemecah pola slot online gacor zeustukang grab mengantar pola slot online gacor pg softmaksimalkan kemenangan besar slot olympus x500 dengan bantuan teknologi artificial intelligence googlekenaikan minimal bet slot pragmatic play justru membuat makin gacor dan gampang maxwinprovider pragmatic play keluarkan slot mahjong wins terbaru yang mudah di bantai pemain slot onlinemodal tap tap doang malah menang besar starlight princess x1000cara menang adu mekanik dengan bet 800 slot olympuspermainan slot online starlight princess 1000 buatan pragmatic play paling dicari para pemain slot online karena terbukti ampuh jackpotmudah banget profit di permainan slot gates of olympus 1000 modal 50 ribu rupiah jadi 1 juta rupiah dengan metode paling jituupdate besar pada permainan pgsoft mahjong dengan minimal bet 800 bisa scatter hitamberbuat baik kepada semua orang terutama anak yatim agar bisa menaikkan keyword mahjong ways ke discoverrahasia menang konsisten dengan main game slot online di situs dewata88cara ampuh jackpot dengan aplikasi khusus slot mahjong ways auto banjir wild emaspernikahan anak smp di bandung akibat jp puluhan juta di slot online princesstabrakan beruntun pola slot online bonanza memberikan pemain jadi hoki