The proposal was presented to the parish’s police jury by Margaritaville co-owner William Trotter and Deborah Harkins, of McGlinchey Stafford PLLC representing Margaritaville Casino. The proposed plan for the new Hotel and Casino includes a 400 room hotel, three restaurants, as well as single story gaming floor with capacity for more than 1,500 slot machines, and over 30 table games. The hotel will also feature a 1,000-seat entertainment complex with VIP balcony, and an outdoor tropical area overlooking the Louisiana Boardwalk.
The project is also expected to generate $12 million in local tax contributions in its first year of operation. According the the data unveiled by the casino developers, a 4.5% local gaming tax rate would generate an estimated $7 million for the city, parish road fund, Bossier Educational Excellence Fund, Bossier Parish Sheriff’s Office, Johnny Gray Jones Youth Shelter and Greater Bossier Economic Development Foundation. In addition to the gaming tax, Bossier Parish can also expect to collect $2.2 million in property tax revenue, $654,000 in hotel occupancy tax revenue and $2.2 million in sales tax revenue.
Back in August, the Louisiana Gaming Control Board gave the $181 million project the green light, however, the hotel and casino developers will now have top wait for a November 19 referendum that would expand the Shreveport-Bossier casino & gaming market to include Margaritaville. If approved, construction is expected to commence in the first quarter of 2012. Margaritaville would open its doors May 10, 2013, company executive William Trotter said.