20/412 = 4.85%
Fallsview Casino is found in Niagara. It is commonly called Niagara Fallsview Casino Resort. Fallsview Casino is the biggest provincial investment made in Niagara region and regarded as the largest commercial development in Canada today. Fallsview Casino has 2.5 million square foot of floor area. Fallsview Casino is not only gigantic in terms of size; it is also huge in terms of number of games operating in this single casino. Fallsview Casino has 3,000 slot machines, 150 gaming tables, 368-room hotel that is rated as five-star, restaurants that feature casual and fine dining, 50,000 square feet for grand convention space, health spa, retail facility, 1,500- seat capacity theatre and stunning landscape. Fallsview Casino is derived from the fact that the place offers a stunning view on the Niagara Falls.
Fallsview Casino has created quite an impact on Niagara’s not only because of its sheer size and huge costs in constructing but also in what it contributes to the economy. Fallsview Casino has directly created thousands of jobs ranging from hotel and casino staffs to gardeners and many others. A number of ancillary jobs were also created because of the Fallsview Casino. Fallsview Casino has created several infrastructures in Niagara and helps spur the place’s economy. Due to the presence of Fallsview Casino in the City of Niagara Falls, the provincial government guaranteed Niagara city $2.6 million annual payment for the first ten years and $3 million for the succeeding 10 years and $3 million adjusted to inflation every year after the twentieth year lapsed. Fallsview Casino will also pay the city and region, property taxes (grants in lieu). Fallsview Casino also extended millions of dollars to the city for building permit fees, development charges, Business Improvement Act levies, water and sewer charges. Fallsview Casino also paid $22.5 million for th epurchsae of NC/CP railway lands that is used for the construction of People Mover System. Fallsview Casino also invested $9 million for the Niagara Tourism Gateway Project. And Fallsview Casino also spent more or less a total of $25 million for upgrades of roads and highways.
Fallsview Casino has helped create an estimated 5,000 direct jobs in the casino. Construction jobs also benefited 5,000 persons. Proposed projects for Niagara funded by Fallsview Casino are pegged at $2 billion. Projects being prioritized right now include 750 million high rise hotel and $1.25 billion worth of new attractions. Fallsview Casino has greatly contributed to the over-all development of City of Niagara.