Hunter
06/27/24
A Cedar Rapids development group hasn’t given up on their goal of bringing a casino to the city.
In a release from the Linn County Gaming Association Wednesday, national gaming operator and developer Peninsula Pacific Entertainment, or P2E, is partnering with the Association to apply for a gaming licence with the Iowa Racing and Gaming Commission after the state moratorium on new licenses expires on June 30th.
P2E Board Member Jonathan Swain is quoted in the release, pointing out that Linn County residents have overwhelmingly passed two gaming referendums and they have been patient. With the moratorium expiring soon, the Gaming Associaton looks forward to bringing a casino gaming and entertainment destination to Cedar Rapids.
The Cedar Crossing project plans to support local nonprofits with contributions of 8% of its annual gaming revenue, significantly higher than the 3% mandated by the state.
Cedar Crossing is proposed to be located along the west side of the Cedar River between Kingston Village and Time Check Park. The property will provide important flood protection infrastructure along the west side of the river, helping to further revitalize the area.
Cedar Rapids Mayor Tiffany O’Donnell and Linn County Board of Supervisors Chair Kirsten Running-Marquardt support Cedar Crossing.
The Next Iowa Racing and Gaming Commission meeting is July 8th at Prairie Meadows.