1. 100 E. Federal Street, Suite 422
  2. Youngstown, OH 44503
  3. 234.228.9696

Penn National / Beulah Park Gaming

The Port Authority assisted Penn National Gaming, Inc. relocate its Beulah Park racetrack operations to the Mahoning Valley. The project consisted of the construction, equipping, and furnishing of thoroughbred racetrack and other facilities (known as Hollywood Gaming at Mahoning Valley Race Course). The Port Authority entered into a ground lease with Penn National to secure property necessary for the project, let a facility lease to Beulah Park Gaming for its operation of such facilities, issued a $32,891,027 Development Revenue Bond, and passed through the proceeds to Beulah Park Gaming for the project.


The Port Authority also assisted with Tax Increment Financing (TIF) for this project. The ten-year tax increment estimates revenues of approximately $6,230,000. Additionally, those dollars serve as match to leverage approximately $11,384,000 in matching funds to complete the following projects:

  • Lanterman Road resurfacing
  • Austintown sewer
  • Victoria/Webb Road reclamation
  • Victoria/Mahoning signalization
  • Pine View sewer
  • North Turner resurfacing
  • Norquest Boulevard Mill and Fill
  • Meridian Road Phase 1 & 3
  • New Road and Raccoon Road
  • Raccoon & Kirk to Four Mile Run Road
  • Mahoning Avenue Mill and Fill
  • Meander Centrifuge
  • Meander Centrifuge (Phase 2, 2021)