"New York State is preparing to give Niagara Falls a $58 million loan to compensate for the loss of revenues from the Seneca Niagara Casino, an urgent development in a problem brought on, at least in part, by New York State.

But while the loan eases the immediate problem, it also creates another: How will Niagara Falls ever make good on the loan? The truth is, the city can't. This had better be one of those famous New York State loans that no one expects to be repaid.

The crisis arose because the Senecas have withheld money owed to the state and several cities, including Niagara Falls, on the plausible complaint that the state violated the agreement with the Senecas by allowing non-Indian gambling within the exclusivity zone."

Get the Story:
Editorial: Albany should pony up $58 million loan to Niagara Falls will fix a problem the state created (The Buffalo News 9/30)

Also Today:
Falls bracing for 'disaster budget' (The Buffalo News 9/30)

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State to step in with loan over Seneca Nation gaming revenues (9/26)