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“I am self-assured their following proposal will deliver sizeable Rewards to Cedar Rapids and Linn County in general, giving unmatched opportunities for our people and guests even though offering very important assist for Local community corporations to advance and thrive.”
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If granted a license, gaming pursuits say the casino would help local nonprofits by contributing 8 p.c of its annual gaming earnings — the highest during the point out — on the Linn County Gaming Association to divvy up. Iowa necessitates that licensed casinos donate a minimum of 3 p.c of profits to nonprofits each year.
Hoping the moratorium would expire as planned, the Cedar Rapids City Council last year signed off with a offer to earmark land while in the northwest quadrant around downtown for a potential casino, need to condition regulators sooner or later award a license.
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This was the internet site of Cooper’s Mill, residence to your motel and cafe, before it was wrecked while in the 2008 flood and afterwards demolished.
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As well as county residents, several area governing administration officials and trade unions even have very long supported the casino venture.
“A local casino may help our communities be even more vibrant, as we estimate Cedar Crossing can dedicate $five million to $seven million to nonprofits yearly. This could be a major Enhance to community corporations, and just one of the many ways this task is likely to make Linn County an a lot better place to live, perform and take a look at.”
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The Cedar Rapids Progress Team’s contend with town doesn’t preclude others from applying to get a gaming license, but does give the group a lift in the procedure as area support elements in to the commission’s choice.