And about 2% in large denomination chips in a safety deposit box in a Vegas casino

Good man Mike!

My area of interest is Columbus, and in that city it looks like the proposed casino will be open in late 2012.

Ok, good man, but highest and best is as of today, who knows what it might be 10 or 25 years from now.

BTW...Prudent states like Texas are being forced to pay for the property casino states right now with their tax dollars.

I dug up some references on this for anyone that may read this thread in the future:-The Stonecrest Case (24 TC 659)-Hunt (80 TC 165) - Cited as more broadly applicable and thus more important-Voight (68 TC 10)-Goodman (74 TC 53)-Tufts - Supreme Court decisionI am too lazy to read through all of the decisions and I don't really have any transactions this year where this matters.

You cant keep a good man down!!

Aaron- good man to acknowledge.

Richp.s. pnw- good man- keep spending.

Private devleopment funds investing $100's of millions, local government incentives and tax abatements, new streetcar program just received a $25 million Fed grant and is close to fully funded (and will run directly through OTR connecting UC and downtown), new urban casino development nearby, and with CBD and UC close - it is wedged between the largest employers in the city.I know Cincinnati has a "rust belt" feel to it, and indeed the population has decreased over the past 30 years but has stabilized (will be interested to see 2010 census on the area).