The Cedar Rapids City Council on Tuesday approved an option-to-purchase agreement for an upcoming casino that will be built where Cooper’s Mill restaurant once stood.
Under the agreement, Peninsula Pacific Entertainment (P2E) will pay $165,000 to purchase the property where it will build Cedar Crossing, a gaming, live performance and cultural arts complex.
P2E is expected to pursue a gaming license from the Iowa Racing and Gaming Commission once the license moratorium expires in June 2024.
“We are pleased that the Cedar Rapids City Council has taken the next step to make Cedar Crossing a reality,” said P2E President Jonathan Swain.
