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County Executive John Leopold (R) says the approval of a slot machine parlor at Arundel Mills Mall in Hanover, Md., could lead to an upgrade in the county's bond ratings. Leopold says the slot machines could infuse Anne Arundel's budget with $30 million a year.
This appeals to bond rating agencies such as Fitch and Moody's. If they choose to upgrade Anne Arundel County, it could borrow money at lower interest rates.
The County Council gave Arundel Mills Mall zoning approval for the slot machines on Monday night, after nearly 10 months of often contentious debate. Some residents are collecting signatures to put the zoning approval on the 2010 ballot. which would delay the opening of the slot machine parlor.
David Schultz reports...