Cedar Rapids, Iowa – Supporters of a proposed casino in Cedar Rapids made their pitch to the Iowa Racing and Gaming Commission on Thursday, hoping to secure a license for what they believe would be a game-changer for the local economy.
The project, which is backed by Peninsula Pacific Entertainment and Cedar Rapids Development Group, would bring a $100 million casino complex to the city’s downtown area. According to proponents, the facility would create 650 construction jobs and 350 permanent jobs, while also generating an estimated $60 million in annual revenues for the state.
During the meeting, the backers highlighted the benefits of the casino, including increased tourism, local investments, and tax revenue for the city and state. They emphasized that Cedar Rapids is the largest city in Iowa without a casino, and argued that the project would help level the playing field with other communities that already have gaming facilities.
“This is an opportunity for Cedar Rapids to grow and thrive in ways that we haven’t seen before,” said Dan Kehl, CEO of Peninsula Pacific Entertainment. “We have a strong track record of success in the gaming industry, and we believe that we can deliver a world-class casino experience for residents and visitors alike.”
However, not everyone is convinced of the project’s benefits. Opponents have raised concerns about the potential social and economic impacts of a new casino in Cedar Rapids, including increased problem gambling and crime rates. Some have also questioned the need for another gaming facility in a state that already has more than 20 casinos.
Despite the opposition, supporters remain optimistic about their chances of securing a license. They point to a recent survey that found overwhelming support for the project among Cedar Rapids residents, with 70% of respondents in favor of the casino.
“We have done our due diligence and we believe that this project is in the best interest of Cedar Rapids and the state as a whole,” said Steve Gray, chairman of Cedar Rapids Development Group. “We are committed to working with regulators and stakeholders to address any concerns and ensure that this casino will be a positive addition to our community.”
The Iowa Racing and Gaming Commission is expected to make a decision on the Cedar Rapids casino license in the coming months. In the meantime, supporters are continuing to make their case to regulators and the public, in hopes of bringing a new era of gaming and prosperity to the heart of Eastern Iowa.