Owners of the Dairyland Greyhound Track at Kenosha are seeking help from the Wisconsin Legislature as its losses pile up. A newly completed independent audit of the state's lone remaining pari-mutuel racetrack shows the business lost 2.84 million dollars last year. That was after a loss of 2.41 million dollars reported the year before. "Well, 'lost' is such a hash word," said Dairyland vice president Roy Berger. "We prefer to think of them as unrealized earnings."
Democratic state Representative Jim Kreuser of Kenosha is sympathetic to Dairyland's financial situation. He says it paid more than 3.5 million dollars last year in various state and federal taxes, many of them gambling related. "So if we give them back the 2.8 they lost last year, that'll leave us with a little less than a mil for the state. OK, so no new textbooks for the kids this year, but hey, that's a small price to pay to keep these guys from becoming Walmart greeters."
Look, you guys need to think big here. Where's Martin Torguson when you need him? Here's a gut who paid over 4 million bucks for a closed down race track. Three million is chump change to him. Think what you could do with that cash.
Oops. Or maybe not.
The federal government has seized more than $3 million in proceeds of the 2005 sale of the former Lakes Region Greyhound Park from its former owners, citing a drug money-laundering operation that was run at the track in 2003 and 2004.
Dang. Can't make money with 'em, can't make money without 'em. You got any ideas Amarillo?
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