KSAC turns to gambling for survival
Published:Friday | October 16, 2009 | 5:37 PM
The Kingston and St Andrew Corporation (KSAC), wants Prime Minister Bruce Golding’s support in its pursuit to get a lotto licence to help finance its budget.
Deputy Mayor of the KSAC, Lee Clarke, told a meeting of the Corporation this week that he was seeking a meeting with the prime minister.
Faced with financial challenges, Councillor Clarke says the KSAC wants to introduce a ‘City Lotto’ at the national level.
He says the Corporation is now required to fund 80 per cent of its budget.
Councillor Clarke says revenues from building applications and road funding have also dried up.
According to Councillor Clarke, the lotto should provide an estimated 7000 jobs.
The KSAC applied to the Betting, Gaming and Lotteries Commission for the licence, but one year later it has reportedly not received a response to its application.
It will cost the KSAC nearly $10 million to introduce the lotto.