Effort Underway to Support Second Cedar Rapids Casino Referendum in Eight Years
Business and community of interests leaders in Iowa’s second-biggest county are starting to advance an upcoming referendum that could land a casino eventually to the Cedar Rapids area.
Earlier this month, the Linn County Gaming Association (LCGA) revealed the Little Phoebe local leaders who testament attend to on the non-profit-making group’s board. The LCGA has selected Peninsula Pacific Ocean Entertainment (P2E) as its gambling casino manipulator partner, and if voters inwards the county of to a greater extent than 225,000 sanction a Nov. 2 ballot measure, LCGA and P2E testament together with seek a cassino licence from the Ioway Racing and Gaming Commission.
The county Board of Supervisors approved a declaration utmost month allowing the quantity to follow placed on the ballot.
In 2013, more than 61 percent of Linn County voters approved the referendum. Hawkeye State law requires a 2nd balloting eighter years after the first. a successful ballot this twelvemonth would permanently authorize casino gaming in the eastern Iowa county.
However, a successful referendum does not assure res publica officials will signalize sour on the plan. As recently as 2017, the IGRC denied an application for the state’s second-largest urban center on a 3-2 voter turnout against. Opponents said Iowa’s casino market, with 19 commercial message casinos, was already saturated.
But community leaders remain undaunted.
We live Linn County supports gaming, and we know that the revenue a gambling casino would generate for our community of interests is to a greater extent of import now than of all time before,” LCGA President Anne Parmley said in a free posted on the pro-gaming Linn Wins website.
Supporters testament sustain a send-off rally to advance the value on Sept. 8.
Local Investors Back Project Again
LCGA isn’t the radical supporting the cassino drive.
The Cedar Rapids Development Group (CDRG) is a group of nearly 100 biotic community leaders who have got committed to present millions towards the development of a casino.
CDRG led the initial referendum driving force eight years ago, and its members are serving rally back up again.
“Voting yes on this referendum is most Linn County’s future,” said John Drew Skogman, a CRDG member whose house owns a major tangible landed estate and housing development firm inwards Cedar Rapids, inwards the Linn Wins statement. “Linn County is the largest county inward Iowa without a gaming facility, and it’s time for us to have the same economical stimulus that casinos bring to other counties inwards the state.”
If the referendum passes and the IRGA approves the license, the LCGA would obtain funding from the P2E casino. It would and then dispense grants and other awards to local nonprofits. Iowa natural law requires casinos to dedicate a part of their revenue to local charities and community projects.
Iowa Casinos Coming Off Record Year
Now mightiness live an opportune time for Linn County to seek a casino license. Especially since the IA market place just produced a record book twelvemonth for gaming.
In fiscal year 2021, which ended inwards June, the state’s commercially licensed casinos generated nearly $1.58 one million million in familiarized receipts revenues. That’s $109.4 billion to a greater extent than the gaming venues took in for 2012.
That book carrying into action allowed Iowa to bring forth $314.5 zillion inward taxes for the fiscal year.
And the strong public presentation carried into the new financial yr as well. In July, the IRGC reported the casinos generated $157.4 million in revenue. That pronounced the fourth time in the finally v months that the facilities topped the $150 one thousand thousand mark.
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