Evangeline Downs has made a proposal to use 12,000 square feet of the abandoned Wal-Mart building and in exchange the city of Saint Martinville will receive a portion of the total profits.
Revenues from the off-track betting could mean big money for the city. In addition from sales tax revenue, the city and the parish will share 2% of the total revenue.
Evangeline Downs says they will remodel their portion of the building at no cost to the city and they are ready to move in immediately.
The move won't happen overnight, Mayor Nelson says before the proposal can be approved they will have to conduct an impact study to make sure the city isn't just giving away public property and sales revenue.
Despite the controversy surrounding gambling venues inside city limits, residents of Saint Martinville seem to support the venture.
After an impact study is complete, the city will conduct a public hearing to receive input from local residents.
Mayor Nelson says if there aren't major objections from either forum, the project will move forward quickly.
Evangeline Downs is projected to begin construction within 90 days.