Two More CR Casino Proposals
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The Cedar Rapids Development Group is planning two new casino proposals for downtown.

One of them is similar to a casino investors first pitched in 2014.

At that time, Cedar Crossing was rejected by the Iowa Racing and Gaming Commission, which manages gaming in Iowa, for fear the facility would take too much revenue from other nearby casinos.

Now called Cedar Crossing on the River, it would be located in the same area--along First Ave on the west side of the river. City documents show the casino is a $165-million project which would support 650 full-time jobs and generate $142 million in revenue for the state, county, and city in the first five years.

The second proposal, Cedar Crossing Central, is smaller. It would be where the Five Seasons Ramp sits now, northeast of the U.S. Cellular Center. The cost would be $105 million, it would create 427 full time jobs and generate $109 million in revenue in the first five years.

On Tuesday, the city will decide whether to enter into a memorandum of understanding with developers on these two projects, the same process as used the last time.

There is already one other contender in this new bid for a gaming license. Wild Rose Casinos is proposing a boutique facility on the parking lot next to the Skogman Commercial Realty building downtown.

It would be a smaller $40 million dollar project in hopes of not taking revenue from other casinos.

The filing deadline for Linn County gaming license applications is Monday afternoon.

  • KXEL News is your source for local news in the Waterloo/Cedar Falls area. KXEL is the voice of the Cedar Valley.

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