Write-downs, reserves and recoveries, net

Write-downs, reserves and recoveries consist of the following:



	For the year ended December 31,
	2012			2011		2010
	(in millions)
Loss (gain) on disposal of assets, net	$	(0.4	)	$	3.4	$	2.6
Reserve on uncollectable loan receivable	1.7			—		—
Redevelopment contributions	10.2			—		—
Impairment of long-lived assets	0.3			0.4		0.6
Legal settlement expense (recoveries)	—			0.4		(6.5		)
Write-downs, reserves and recoveries, net	$	11.8		$	4.2	$	(3.3	)

Loss (gain) on disposal of assets, net: We recorded a net gain of $0.4 million during 2012, which includes a net gain of $2.5 million related to settlement proceeds received from the U.S. Army Corps of Engineers. We received compensation for land commandeered and severance damages associated with construction of a floodwall and easement designation on our property in New Orleans, Louisiana. The net gain was offset by disposals of slot and equipment at our properties in the normal course of business during the year ended December 31, 2012.

In 2011, we entered into an agreement with the Port of Lake Charles whereby we exchanged land parcels and received $2.5 million of rent credits on our L'Auberge Lake Charles lease payments, resulting in a total a $3.2 million gain. This gain was offset by a loss of $5.7 million equal to the carrying value of land donated to the City of Lake Charles. The remainder of the loss on disposal of assets for 2011 relates to the disposal of slot machines and other assets in the normal course of business. During 2010, we sold our corporate jet, two seaplanes, a warehouse, and disposed of various slot equipment at our properties resulting in our recognizing a net loss of $2.6 million.

Redevelopment contribution: In December 2012, we committed to donate cash and land to a series of not-for-profit initiatives and the City of St. Louis, which resulted in a charge of $10.2 million. The donations satisfy the Company's remaining $37 million commitment under our St. Louis redevelopment agreement.

Reserve on uncollectable loan receivable: In January 2012, we made a $2.0 million loan to Federated Sports & Gaming, Inc. ("FSG"), and in February 2012, FSG filed for protection under Chapter 11 of the U.S. Bankruptcy Code. As a result of the filing, we determined it was appropriate to fully reserve for the loan receivable during the first quarter of 2012. In July 2012, we purchased the assets of FSG for total consideration of $4.6 million, of which $4.3 million was cash and $0.3 million was credit against a portion of the previously made loan, which amount is shown as a recovery during the year ended December 31, 2012.

Impairment of assets: During the year ended December 31, 2012, we recorded an impairment charge totaling $0.3 million, related to a decline in value on our gaming-zoned land in Central City, Colorado. The fair value of this land was determined using a sales comparison approach. In 2011, we incurred an impairment charge related to previously capitalized costs associated with projects that will not be pursued. In 2010, we incurred an impairment loss related to sales tax incremental bonds.

Legal settlement expense (recoveries): In 2011, we paid $0.4 million in regards to a legal settlement. In 2010, we received a $6.5 million legal settlement related to the recovery of legal fees.