Borscht Belt Meets Rust Belt
The "Borscht Belt", a once-thriving vacation getaway in upstate New York, has entered a serious decline. Legalizing gambling in the region is being discussed as a cure-all to revitalize the Catskills, but Citiography thinks its too late.
Kelly of the Citiography blog explains that states often understand that gambling is detrimental to their citizens, so they locate casinos on the border, hoping to attract some other state's people:
"You want your residents spending their money on the mortgage and sending their kids to college instead. That's why casinos are usually located near state borders. The problem for New York State is that it's surrounded by legalized gambling, so most of the gamblers they get will be New Yorkers."
Thanks to Kelly Bennett
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Published on Thursday, September 1, 2011 in
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