“I'm self-assured their subsequent proposal will bring significant Rewards to Cedar Rapids and Linn County as a whole, offering unmatched opportunities for our residents and website visitors though furnishing important help for Neighborhood corporations to progress and thrive.”
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If granted a license, gaming passions say the casino would guidance nearby nonprofits by contributing 8 % of its yearly gaming revenue — the highest from the condition — into the Linn County Gaming Association to divvy up. Iowa necessitates that licensed casinos donate a minimum of three p.c of income to nonprofits on a yearly basis.
“Our motivation to building a globe-course vacation spot hasn't wavered,” Swain reported. “We have been in the final levels of finalizing our vision for Cedar Crossing and look forward to location a whole new regular for gaming and amusement in Iowa.”
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This was the positioning of Cooper’s Mill, household to a motel and restaurant, prior to it had been wrecked from the 2008 flood and afterwards demolished.
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Immediately after Linn County voters in 2021 handed a community referendum authorizing gaming while in the county over a 2nd-consecutive vote, that permitted casino backers to seek a license in perpetuity. The measure won’t need to come to voters again.
“A neighborhood casino will help our communities be far more lively, as we estimate Cedar Crossing should be able to commit $five million to $7 million to nonprofits annually. This could be A significant Enhance to neighborhood companies, and just among the list of some ways this undertaking can make Linn County an better yet location to Stay, get the job done and take a look at.”
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The Cedar Rapids Progress Group’s deal with town doesn’t preclude Other folks from applying for a gaming license, but does provide the group a lift in the process as area assist factors in the commission’s final decision.
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