At the request of the Executive Director of the Deadwood Gaming Association on behalf of 13 Deadwood hotel owners, the Deadwood City Commission recently approved the creation of a new business improvement district (BID). As reported by the Black Hills Pioneer, BID 8 will consist of a hotel occupancy rate proposed at $2 per rented room, per night.
The next step in formally establishing the new district is a public hearing and resolution for the consideration and approval by the Deadwood City Commission. Copies of the resolution must be made available to the businesses within BID 8. The BID process is likely to be completed by May, but until then, no taxes will be collected.
In December 2017, gaming revenue in Deadwood was up 15% when compared to December 2016. According to KOTA News, while the city closed out 2017 on a positive note, 2017 as a whole was down approximately 1% from 2016.
Gaming was down by nearly 4% through June 2017.However, increased revenues through the remainder of the year reduced the potential shortfall.
Additional details on gaming revenues in Deadwood can be found on the South Dakota Department of Revenue’s website. To read more about Deadwood, visit the Black Hills Knowledge Network’s community profile.
In 2017, Rapid City had the most Airbnb visitors in South Dakota, reports KOTA News. Approximately 11,500 bookings were made in Rapid City with hosts bringing in $1.2 million. Sioux Falls placed second in the state with 7,000 bookings and $445,000 in revenue for Airbnb hosts. While Lead placed fewer bookings than Sioux Falls at 4,700, its hosts out-earned Sioux Falls with $582,000 generated. Over $4 million was generated across South Dakota in 2017.
To read more about the economy in the Black Hills region, visit the Black Hills Knowledge Network’s online news archive.
The Rapid City Regional Airport served approximately 600,000 customers in 2017, reports KOTA News. This reflects a one percent increase over the previous record set in 2010.
While 2017 set an overall record in passengers served at the airport, Executive Director Patrick Dame noted that some of the increase could be attributed to competitors traveling to Rapid City for the International Collegiate Programming Contest held at the South Dakota School of Mines in May 2017. Adding routes to Charlotte, NC and Chicago, IL may have also contributed to the increase in passengers.
To learn more about the Rapid City Regional Airport, visit the Black Hills Knowledge Network’s online news archive.
Spearfish set a new record for building valuations in 2017 at $52 million, reports the Black Hills Pioneer. The previous record was set in 2014 at $49 million.
Commercial as well as residential building projects contributed to last year’s valuation. For residential permits, 79 new buildings as well as 21 manufactured homes were valued at $24,348,948. Several new commercial properties, including one currently under construction on Main Street and Jackson Boulevard, were valued at $14,952,317. Over 60 commercial alterations and additions were valued at $8,312,103.
To read more news from Spearfish, visit the Black Hills Knowledge Network’s online news archive.
Although Deadwood’s gaming revenue has largely been down in 2017, a 0.3% increase in spending across table games and slot machines occurred in November 2017 when compared to November 2016. According to the Black Hills Pioneer, table games were up 6.4% when compared to November of last year, while slot machines were down 0.1% when compared across the same timeframe.
Hotel occupancy was also slightly higher in November 2017 than November 2016. Hotels were 30.4% occupied, a 1.4% increase over November 2016. Executive Director of the Deadwood Gaming Association Mike Rodman indicated milder temperatures and events including a craft beer festival may have increased this year’s occupancy rates.
To read more news from Deadwood, visit the Black Hills Knowledge Network’s online news archive.
During its December 4 city commission meeting, city commissioners approved a $3.4 million budget increase, reports the Black Hills Pioneer. The additional budget funds will be directed toward tax-increment financing and expenditures as well as infrastructure.
The supplemental budget includes $189,000 for debt services to the historic preservation fund, $2.6 million toward TIF #10, or TRU Hotel construction expenses, among other expenditures.
South Dakota legislators are asking the South Dakota Executive Board for an increase in pay, reports KOTA News. The board is considering a resolution that would tie the legislators’ pay to the state’s median household income.
State legislators make $6,000 over the course of 35 working days in even numbered years and 40 working days in odd numbered years. Their pay has not been increased in approximately 20 years. The proposed increase in pay would set legislator pay at one-fifth of South Dakota’s median household income, which was $54,467 in 2016, the year for which the most recent data is available. If approved, the salaries of legislators would increase to $10,190.
To read more about the 2018 legislative session, visit the Black Hills Knowledge Network’s website.
On November 1, 1989, gambling was officially legalized in Deadwood, South Dakota. As the casinos reopened, gamblers placed approximately $145 million in bets during the first eight months legalized gambling. Although there was an early snowfall which made driving conditions difficult, Deadwood’s Main Street was filled with tourists looking to win big in the newly-opened saloons.
Gambling was legalized in Deadwood in an effort to diversify the town’s economy. The largest employer was the nearby Homestake Gold Mine, which provided a few hundred jobs to area residents. Tourism was Deadwood’s next largest economic contributor, which ebbed and flowed alongside the seasons.
Canvassers sought enough signatures from registered voters across the state to allow a state constitutional amendment to approve limited gambling in Deadwood on the November 1988 ballot. South Dakota voters approved the amendment by a wide margin. The state legislature drafted and passed the requisite legislation to approve gambling during the following legislative session early in 1989. Finally, the last step required Deadwood residents to approve gambling in a town election
Prior to the legalization in 1989, gambling had been banned in Deadwood since 1905. While many residents of the town were pleased with the ban, miners who lived in town lost gambling houses as places to relax and enjoy a drink after a long day in the mines.
To learn more about Deadwood, visit the Black Hills Knowledge Network’s community profile.
Following stable growth over the summer months, gaming revenue in Deadwood took a fall in September. According to the Black Hills Pioneer, gaming numbers declined by nearly two percent when compared to September 2016. However, September 2017 revenue was down nearly 12 percent when compared to September 2015.
Nearly $6.2 million in revenue was reported from table games in Deadwood, representing an increase of 8.6 percent from September 2016. However, the total slot machine handle for September 2017 of $95.2 million accounted for a 2.6 percent decline from September 2016.