Thunder Bay Secures Significant Funding from OLG

THUNDER BAY — In an exciting development for local finances, the City of Thunder Bay is set to receive a substantial six-figure cheque from the Ontario Lottery and Gaming Corporation (OLG), totaling $713,428. This payment is part of the third-quarter distribution for the city’s partnership with Gateway Casinos, and it’s a moment of celebration for residents and local officials alike.

Fiscal Agreement and Expected Total

As part of its fiscal agreement, Thunder Bay is expected to accumulate a total of $2,186,587 throughout the current fiscal year, which runs from April 1, 2024, to March 31, 2025. This significant influx of funds supports various community initiatives, infrastructure projects, and social services, underscoring the positive impact of the casino on the local economy.

Historical Financial Contributions

Since the inception of this partnership in the year 2000, Thunder Bay has received an impressive total of $57,603,748 from the OLG, highlighting the long-standing financial benefits of hosting Gateway Casinos. These funds have been crucial in addressing the needs of the community, from enhancing recreational facilities to improving public safety services.

Future Prospects and Community Impact

With the ongoing financial support from OLG, Thunder Bay continues to thrive, showcasing how strategic collaborations can lead to substantial benefits for the community. Residents can look forward to more initiatives funded by this vital revenue stream in the coming years.

Stay Informed on Local Developments

Stay tuned for more updates on how these funds will be utilized for the betterment of Thunder Bay!