The prospect of Twin River in financial trouble does not bode well for Pawtucket gamblers and non-gamblers. This week, 3/17 to 3/21, Twin River announced it could not pay its $5 million construction and mortgage costs. In addition, the borrowing bond rating for the owners have Twin Rivers also worsened.
Even though I do not like what Twin River represents, gaining a tax base through a negative economic growth...people lose money to pay state taxes.
What if Twin River should close? Do state representatives have any contingency plans to fill in the tax shortfalls?
