VIGO COUNTY, Ind. (WTHI) - We're learning more about the plans for the proposed casino in Vigo County.

Commissioners were presented with a proposal on Tuesday morning.

It was to discuss a potential local development agreement...or LDA.

It's between Spectacle Jack, LLC and Vigo County. It would allow casino dollars to go to a foundation made of five members.

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Those five would decide how to spend that money. It is estimated casino profits would give the foundation about $3 million per year.

Spectacle says the five people would be appointed and must also be registered to vote in Vigo County.

"The mayor of Terre Haute would appoint one member of the city council," said Spectacle Entertainment Vice-President John Keeler, "The president of the county commissioners would appoint one member of the county council. The Terre Haute Chamber of Commerce president would appoint one person, and the casino would appoint two."

Terre Haute Chamber President Kristin Craig was one of several who looked over the LDA. She told us it's a solid plan to boost the community.

"I feel like what Spectacle has presented will really give us the revenue we need to fund some projects that a lot of times...we're sitting around looking at each other going this is a great idea...how are we going to make this happen?" Craig said.

She told us Vigo County and Terre Haute city leaders reviewed the LDA.

We are also learning what a proposed casino would look like.

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Keeler says under Spectacle Jack, LLC, the facility would be a 'Rocksino.' The LLC was created so Spectacle could compete for the casino license. 

During the meeting, Spectacle said a 22-acre location, south of Walmart on Terre Haute's east side, next to Holiday Inn Express would be the ideal location if they were awarded the contract.

"It's very approximate to the airpot, to Interstate 70, and it was a good, flat piece of land that was available," said Keeler, "Additionally, there are two hotels right next door."

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That is in cooperation with the Hard Rock brand. He says it would be around $125 million to build and employ around 600 people.

Keeler says there would be several features to enjoy, including a 300 seat entertainment venue called 'The Velvet Lounge.'

In addition to the lounge, Keeler says the casino would house a buffet, a Hard Rock Cafe, numerous bars and other casino needs.

The Vigo County Commissioners will meet Monday morning, at 9, to talk about the proposal further.