“I am self-confident their following proposal will bring sizeable Gains to Cedar Rapids and Linn County as a whole, giving unmatched possibilities for our citizens and people while offering critical assistance for Neighborhood businesses to progress and prosper.”
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If granted a license, gaming interests say the casino would guidance nearby nonprofits by contributing eight percent of its yearly gaming earnings — the best within the point out — on the Linn County Gaming Affiliation to divvy up. Iowa needs that accredited casinos donate no less than 3 per cent of earnings to nonprofits annually.
Hoping the moratorium would expire as planned, the Cedar Rapids Metropolis Council final year signed off on the deal to earmark land within the northwest quadrant near downtown for a possible casino, should really condition regulators at some point award a license.
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While using the moratorium expiring before long, we look forward to bringing an unprecedented casino gaming and entertainment location to Cedar Rapids.”
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Along with county residents, several community govt officials and trade unions even have very long supported the undertaking.
“A local casino may help our communities be even more vivid, as we estimate Cedar Crossing can commit $five million to $7 million to nonprofits every year. This will be A significant Raise to local companies, and just among the list of numerous ways this venture can make Linn County an better yet destination to live, perform and take a look at.”
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The Cedar Rapids Advancement Group’s take care of the town doesn’t preclude Many others from implementing for a gaming license, but does give the team a lift in the procedure as community aid factors into the Fee’s decision.