Gulfside Casino Partnership today said it would establish the Pope County Education Foundation if granted a license in the state. The Arkansas-based nonprofit would be funded by tax-deductible contributions, including a $20-million commitment from River Valley Casino, Gulfside’s proposed $250-million project in Pope County.
“We are excited to announce our continued commitment to Pope County,” said Terry Green, co-owner of Gulfside. “In addition to our plans for River Valley Casino, which include a hotel, conference center and performing arts venue, this foundation would amplify our investment in the region well beyond our resort.”
If established, the foundation would receive a $1-million annual contribution from River Valley Casino for 20 years once it commences operations. Its funds would be distributed to local public schools for academic programming, student experiences, facility upgrades and other educational initiatives as directed by the five Pope County school districts.
Pending approval by the Arkansas Racing Commission, the proposed River Valley Casino would create more than 1,500 permanent hospitality jobs for a total payroll of $60.5 million. It would support more than $28 million in gaming taxes to the county, state and Arkansas Racing Commission for the live racing purse and awards fund, as well as ad valorem, property, sales and other traditional taxes.