“I'm self-confident their following proposal will provide considerable benefits to Cedar Rapids and Linn County in general, giving unmatched possibilities for our citizens and visitors although providing crucial aid for Neighborhood corporations to progress and prosper.”
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If granted a license, gaming interests say the casino would aid regional nonprofits by contributing 8 percent of its once-a-year gaming income — the highest in the condition — to the Linn County Gaming Association to divvy up. Iowa demands that certified casinos donate a minimum of 3 p.c of revenue to nonprofits yearly.
“Our determination to creating a globe-class destination hasn't wavered,” Swain explained. “We're in the final levels of finalizing our vision for Cedar Crossing and look forward to placing a fresh regular for gaming and leisure in Iowa.”
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This was the site of Cooper’s Mill, residence to your motel and cafe, right before it absolutely was destroyed inside the 2008 flood and later on demolished.
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The point out panel overseeing Iowa’s 19 accredited casinos next meets July 8 at Prairie Meadows Casino and Hotel in Altoona. There, the 5-member regulatory Fee is predicted to share details about the process along with a timeline for when gaming license applications will likely be deemed.
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The Cedar Rapids Enhancement Team’s deal with the city doesn’t preclude Other individuals from applying for any gaming license, but does give the group a boost in the process as nearby assistance aspects to the commission’s choice.