The City of Cedar Rapids is poised to lock in a plan for a casino, despite being a year away from having any hope to ask for one.
The City Council on Tuesday will hold a hearing on signing an option to purchase agreement with the Cedar Rapids Development Group, a coalition of mostly local investors that the city designated as its preferred developer for a casino. It would essentially set aside city-owned property at the site of the former Cooper’s Mill building, between F and I Avenues and First and Fifth Streets SW, as the site of a future casino.
