Riverboat Development Authority may vote on Davenport casino plans next week


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Originally Posted Online: Jan. 25, 2013, 8:43 pm
Last Updated: Jan. 25, 2013, 9:09 pm
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By Stephen Elliott, selliott@qconline.com

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."





















 



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  Today is Friday, Aug. 1, the 213th day of 2014. There are 152 days left in the year.

1864 — 150 years ago: A mad dog was shot in Davenport after biting several other canines and snapping at several children. The police should abate this nuisance — there are about 500 dogs in this city that ought to be killed at once.
1889 — 125 years ago: Track laying operations on 2nd Avenue, stopped by the Moline-Rock Island company last spring for lack of rail, have been resumed.
1914 — 100 years ago: Bulletins allowed to come through the strong continental censorship of all war news indicated that Germany was advancing with a dash against both Russia and France.
1939 — 75 years ago: Emil J Klein, of Rock Island, was elected commander of Rock Island Post 200, American Legion.
1964 — 50 years ago: Members of the Davenport police department and their families are being invited to the department's family picnic to be held Aug. 27 at the Mississippi Valley Fairgrounds.
1989 — 25 years ago: Beginning this fall, Black Hawk College will offer a continuing education course in horseback riding at the Wright Way Equestrian Center, Moline, located just east of the Deere Administration Center.




(More History)