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Chairman of The Cordish Companies David Cordish, Anne Arundel County Executive Steve Schuh and other dignitaries were on hand to raise the final steel beam of the Live!

Casino Hotel expansion during a "Topping Off" Ceremony on Oct. Chairman of The Cordish Companies David Cordish, Anne Arundel County Executive Steve Schuh and other dignitaries were on hand to raise the final steel beam of the Live!

Casino Hotel expansion during a "Topping Off" Ceremony on Oct. The Anne Arundel County Council will hold a public hearing and could vote Monday on legislation that would grant up to $36 million in property tax relief to the Live Casino and Hotel in exchange for a larger convention center at the site.

The legislation was proposed by County Executive Steve Schuh to aid in the construction of a convention center that would serve as the location for county high school graduations. Any property taxes over $1.2 million would be paid to the county.

Proposed as a payment in lieu of taxes bill, the legislation would forgive property taxes up to $1.2 million for 30 years. Officials have estimated the property taxes forgiven would fall below the maximum allowable. CEO and chairman, said Friday the deal was a win for the county because it would cost millions more to build its own convention center. If the PILOT bill is approved Monday, the company would modify its proposal with the county.

His company has to pay for the upkeep of the facility in perpetuity.“It’s goodwill,” Cordish said. ”The Live Casino and Hotel convention center would have 4,000 seats instead of the originally planned 1,500. The new proposed $36 million tax break for Live Casino and Hotel is the result of technical legal issues on who would be responsible for taking out a bond after agreeing to a tax increment financing district in 2015.

The tax increment financing, or TIF, district was agreed upon to fund a larger...

The new proposed $36 million tax break for Live Casino and Hotel is the result of technical legal issues on who would be responsible for taking out a bond after agreeing to a tax increment financing district in 2015.

(Chase Cook)The county auditor released her analysis of the bill on Saturday, finding the benefits of the PILOT bill are $7 million less than the property taxes the county would receive without the PILOT over its 30-year lifespan.

The auditor also recommended the council add a termination provision to the bill and a review clause that allows the county to review if the convention center still serves a public benefit.

The auditor also estimated the project wouldn’t reach its max property tax cap of $1.2 million until 2040.“This agreement grants a significant tax break to one business entity,” auditor Jodee Dickinson wrote in the blue letter.

“If the council approves a PILOT for a single business, there should be a significant public benefit, and the business should be a significant economic driver for the county, including additional county revenues.”Schuh has positioned the bill as a smart solution to a county problem: There isn’t a big enough facility to house the county’s high school graduations or attract high-profile events and concerts.