Cedar Rapids Approves $150M Casino Development Plan
**Key Points at a Glance:**
The Cedar Rapids City Council has approved a development agreement for the proposed Cedar Crossing Casino. The $150 million project is contingent on approval from the Iowa Racing and Gaming Commission, which is expected in February 2025. The casino is planned for city-owned land damaged by a 2008 flood and promises economic benefits as well as charitable contributions. However, concerns remain regarding its design and impact on the downtown area.
Details of the Development Agreement
On December 17, 2024, the Cedar Rapids City Council approved a development agreement for the Cedar Crossing Casino. The agreement was made with the Cedar Rapids Development Group (CRDG), a subsidiary of Peninsula Pacific Entertainment (P23). However, the project is not yet finalized, as it requires a license from the Iowa Racing and Gaming Commission. A decision on the license is expected on February 6, 2025.
Planned Construction and Use
The casino is set to be built on a 110,000-square-foot site, including a 39,000-square-foot gaming area. Plans also include restaurants, event spaces, a cultural center, and 1,100 parking spaces. Since the site was damaged by a 2008 flood, special flood protection measures will be integrated to ensure long-term operations.
Economic and Social Impact
The project has the potential to bring significant economic benefits to the city. In addition to legally mandated taxes, the developer has committed to making monthly payments of 2.25% of the adjusted net gaming revenue to the community. Furthermore, the casino plans to donate 8% of its gross gaming revenue—estimated at approximately $6.3 million annually—to local charitable organizations.
Criticism and Support
Despite its potential benefits, there are critical voices. Council member Ashley Vanorny described the casino’s design as unappealing, comparing it to a “large department store.” She expressed doubts about the project’s ability to revitalize the downtown area.
Other council members, however, see positive aspects. Scott Olson emphasized that gambling is already happening and that the city should benefit from it. Dale Todd pointed out that no alternative development plans for the site have been proposed. Tyler Olson highlighted the broad community support for the project, even though gambling itself remains controversial.
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Support from the Mayor
Mayor Tiffany O’Donnell, a longtime advocate of the project, praised the casino’s strategic downtown location. She encouraged further suggestions to enhance the project’s appeal.
Challenges and Next Steps
The project faces opposition from other casinos in Iowa, which fear revenue losses. If approval is granted, construction could begin soon, with the opening possible within two years.
Our Assessment
The Cedar Crossing Casino has the potential to boost Cedar Rapids’ economy and strengthen the local community through charitable contributions. However, it remains to be seen whether the project will meet expectations regarding urban development. Critical voices and opposition from other casinos could complicate its implementation. The Iowa Racing and Gaming Commission’s decision will be crucial in determining whether the project moves forward.
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