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New Look at Proposed CR Casino
CEDAR RAPIDS, IA (CBS 2/FOX 28) -- The proposal has been made and now the fate of a plan to bring a casino to Cedar Rapids is in the hands of state regulators.
The Cedar Rapids Development Group and Linn County Gaming Association have submitted an Application for a Gambling Structure to the Iowa Racing and Gaming Commission. The formal application is for a casino in downtown Cedar Rapids.
If approved, the casino would be named the Cedar Crossing Casino and feature a number of gaming options and restaurants. The $165 million project have cleared all local hurdles, but must get final approval from the state agency.
"The casino project and its Development Agreement are critical to Cedar Rapids and our community's future," Said Mayor Ron Corbett. "Our community is united behind the proposed downtown casino. We've made great progress since the floods of 2008. However, we still have a long way to go and this casino project is a catalyst for our ongoing recovery which will add to our property tax base, create jobs and will be a critical piece for west side flood protection."
Besides a gaming area, the Cedar Crossing Casino would include a buffet, steakhouse, deli, as well as retail store and banquet facilities.
Supporters of the plan estimate the casino would provide an estimated $78 million in economic impact to the area each year.
Renderings of the proposed casino can be viewed here.