Just a R/T (as it were) of Joe Jordan’s Nebraska Watchdog story on the KENO funds drop. KENO funds, you see, are one of the main money sources for the brand spankin’ new TDAmeritrade Stadium.
Here’s the kicker from Jordan:
City officials predicted that Keno revenue would drop 10% in 2008 and stay flat in 2009.
Instead Keno has struggled more than expected, dropping 14.36% in 2008 and 9.19% in 2009.
And what’s driving the KENO drop? Well, as Jordan points out, Hal Daub, and others, had predicted that the smoking ban would drive patrons away.
Back in February of 2008 Daub told KPTM:
“I think you’ll see some noticeable drop in Keno revenue over the next two or three years. Which in turn impacts any bond that are issued for any rehabilitation or new stadium.”
Carry on, Omaha. Carry on.