 | by Tom Griffith The second major expansion of Cadillac Jack's Gaming Resort, pegged at $25 million to $29 million, cleared its first hurdle last week, and Deadwood’s mayor said it could cause other hotel operators to “up their game.” Infrastructure work for the massive four-story, 108-room Tru Hotel by Hilton is expected to begin next month after the city commission approved $2 million for a tax increment financing, or TIF, district last week. Local governments use TIF to divert future property tax revenue increases toward economic development or public improvement projects. Read more at Rapid City Journal. |
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