The board that holds the gaming license for the Rhythm City Casino in Davenport may vote next week on letting Davenport proceed with plans to operate a land-based casino.
The Riverboat Development Authority is scheduled to meet at 11:30 a.m. Wednesday at the Woodfire Grill, 131 W. 2nd St., Davenport. RDA president Mary Ellen Chamberlin said the board may act on a new agreement designed to increase the RDA's percentage of casino revenue in the future.
She also said Davenport's casino consultant Gary Buettner, a former chief financial officer for Jumer's Casino Rock Island, will give a presentation to the board.
Davenport officials have announced plans to buy Rhythm City Casino from Isle of Capri for $46 million. Ms. Chamberlin said the city needs approval of an operator's contract between the RDA and the Davenport Community Improvement Corporation, a nine-member board created by the city to oversee casino operations.
City officials also are trying to determine a developer for a new casino. At the Jan. 23 city council meeting, Mr. Buettner said a proposal by Ingenus Management/Consulting, of Brainerd, Minn., had the greatest revenue potential for the city and opportunity for expansion.
Ingenus has proposed a hotel/casino at the intersection of Interstates 80 and 280, as well as a smaller casino downtown. Combined, the two casinos would cost $105 million.
Restoration St. Louis has proposed a $155 million downtown casino that Mr. Buettner last week told Davenport officials would not generate as much revenue as an interstate casino proposed by Ingenus.
Davenport's casino plan also needs approval from the Iowa Racing and Gaming Commission. City officials said they hope to discuss their plans with the IRGC at its March 7 meeting, city administrator Craig Malin said.
"The only thing under my control is to ensure an orderly process with the (RDA) board of directors," Ms. Chamberlin said. "Whether we'll take any action, I'm not sure.
"I have people who want to move forward and others who want to wait a little longer," she said."There are others who may or may not vote against it."
Today is Sunday, Dec. 8, the 342nd day of 2013. There are 23 days left in the year. 1863 -- 150 years ago: For the whole of last week we have been favored with the most delightful Indian summer weather, and mercury ranging from 40 to 65 above zero. The river is entirely clear of ice and looks as mild and soft as summer. 1888 -- 125 years ago: Albert Johnson was appointed a deputy in the circuit clerk's office. 1913 -- 100 years ago: 800 or more tons of earth in six landslides covered 38th Street for a distance of 200 feet near 7th Avenue and destroyed much property. 1938 -- 75 years ago: One of the 350-foot towers, which with a new transmitter will increase the power of WHBF to 1,000 watts day and night, has been completed on a 20-acre tract at 23rd Avenue and 51st Street, Moline. 1963 -- 50 years ago: In cooperation with The Associated Press, The Argus presents to its readers a complete, beginning-to-end account of one of the most tragic and dreadful chapters in American history, the assassination of President Kennedy, available in book form, and now in preparation. The book is entitled "The Torch is Passed." 1988 -- 25 years ago: Deere & Co. stockholders received good news of a boost in their quarterly dividends from 20 to 30 cents per share of common stock. The dividend, made to stockholders of record on Dec. 30, will be payable on Feb. 1, 1989.