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 Saturday, Aug. 30, the 242nd day of 2014. There are 123 days left in the year.
1864 — 150 years ago: A large pair of elk, captured in Iowa, were exhibited in Market Square today. 1889 — 125 years ago: The Rock Island Arsenal dam was being constructed under the supervision of Charles Frances, of Lowell, Mass. 1914 — 100 years ago: Mrs. Frank Mixer, of Rock Island, was the winner of the final preliminary for the women's handicap golf cup at Rock Island arsenal links. 1939 — 75 years ago: Sixteen hundred persons — many from war-fearful Europe — arrived in New York aboard the German liner Bremen. For two days on the trip, passengers were cut off from the world with both incoming and outgoing radio messages banned. 1964 — 50 years ago: Police reported five youths have been involved in the theft of about seven cars in recent weeks. Three of the youths were arrested Saturday afternoon, one was in custody as the result of a previous arrest, and the fifth is expected to be arrested today. 1989 — 25 years ago: The Rock Island/Milan School Board is asking the city to tear down Franklin School and allow the school district to pay back the estimated $100,00 cost during 10 years.