New Castle News

May 24, 2013

Mohawk OKs tax abatement for racetrack

By Staff
New Castle News

NEW CASTLE — The Mohawk school board approved a five-year tax abatement for Endeka Entertainment.

The abatement covers about 200 acres in Mahoning Township that is the site of the proposed harness racetrack and casino.

Under terms approved by the board, the developers will pay no taxes for the first five years. After that, they will pay taxes on a graduated rate that will increase by 20 percent per year until it reaches 100 percent in the tenth year.

Similar action is required by the Lawrence County commissioners and the Mahoning Township supervisors.

Kathleen Kwolek, school superintendent, said the property, a reclaimed strip mine at Route 422 and Baird Road, will be reassessed following development of the project.

Plans are to construct a mile-long racetrack, grandstands, stables, restaurants and a casino.

The Philadelphia-based developers have until May 31 to meet requirements of the Pennsylvania Harness Racing Commission by submitting proof they have: sufficient funds to construct a $170 million racetrack/casino, a contract with a management company to operate the facility and an agreement with a horsemen’s association, as well as submit an application to the Pennsylvania Gaming Control Board for a casino license.