Polk County Supervisors have signed off on a new 7-year 7 month lease agreement with Prairie Meadows Racetrack and Casino. The county will get $15.6 million a year in rent and $10.4 million in each of the first three years. Prairie Meadows will pay property taxes in excess of $4.5 million. KCCI reports money from the lease will pay for bonds for the Iowa Events Center, infrastructure, economic development grants, and support non-profit groups.
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