Iowa: Potential Cedar Rapids casino developer pursues deal with city to buy land for gaming facility

Tuesday, June 27, 2023 8:29 PM
  • Marissa Payne, The Gazette

Making good on a vision announced more than a year ago, a swath of land in northwest Cedar Rapids near downtown may soon be earmarked for a potential casino — should a state panel ever award a license to operate a gaming facility here.

The Cedar Rapids City Council next month will consider an option-to-purchase agreement through Dec. 31, 2025, with the Cedar Rapids Development Group, the city’s preferred casino developer, as well as preliminary terms of the potential facility.

If approved, this deal would set aside city-owned property between F and I Avenue NW and First and Fifth Streets NW to be purchased and redeveloped into a casino and entertainment complex.