OLG partnership nets $100 million for Hamilton
There is an old saying that “all politics are local”. I can tell you from experience, having held numerous roles under the old town of Flamborough, as well as several posts as Minister in successive provincial governments, no matter the scope, issues of one’s proverbial backyard always connect most with people. That’s why on a pleasant June evening, I was thrilled to attend an event more than 20 years in the making.
The Ontario Lottery and Gaming Corporation (OLG), through the proceeds generated at Flamboro Downs, has contributed in excess of $100 million to the City of Hamilton. Crossing this impressive funding milestone is a direct result of a revenue sharing agreement negotiated while I was (the pre-amalgamation) Mayor of Flamborough and Chair of the Horse-Racing Community negotiating team. This agreement was an archetype for other municipalities, the benefits of which run deep across communities throughout Ontario. Local and provincial charities have also benefited from the OLG revenue sharing agreement. Millions of dollars have flowed into the coffers of service groups and volunteer organizations, helping support humanitarian and charitable work across the province. Further, the horse-racing industry has directly benefited from the OLG partnership as well. As Minister of Agriculture and Rural Affairs, the horse-racing sector was of particular importance to me. I am as proud now as ever, to have helped sustain and support the industry, which continues to thrive.
Moreover, communities that host racetracks have experienced tangible financial gain. In Hamilton specifically, the benefit to the taxpayer is most apparent. The property tax burden on City residents has been reduced by more than $4 million every year since the early 2000’s. This is a tremendous savings for ratepayers and a testament to the success of the revenue sharing agreement with OLG. As a host community of a racetrack, Hamilton can continue to look forward to future reciprocal benefit. Having an elite track in Flamboro Downs continues to pay dividends in its financial support of the traditional rural and agricultural life of Flamborough, while also supporting the City of Hamilton more broadly.
