CEDAR RAPIDS, Iowa (AP) – Plans for a $40 million downtown casino have surfaced in Cedar Rapids.
The project by Wild Rose Casinos & Resorts would cost less than a quarter of the estimate for the Cedar Crossing riverfront casino plan rejected by the Iowa Racing and Gaming Commission in April 2014.
Wild Rose President Tom Timmons says he envisions a “boutique” casino that would have parking on the first floor, the gambling area on the second and commercial office space on the third and fourth floors. He also says the project wouldn’t include any restaurants, hotels or other entertainment venues.
Mayor Ron Corbett says the Cedar Crossing casino investors still have a development agreement with the city, but he also says a deal could be worked out with the old and new investors.
Copyright 2016 The Associated Press.
