As Davenport officials prepare to update the Iowa Racing and Gaming Commission on their preferred proposal for a land-based casino, Riverboat Development Authority members are meeting with prospective casino developers and operators.
For any project to come together, a combination of agreements must be completed.
Davenport officials last week announced a revamped proposal from local developer Rodney Blackwell that initially was part of plans for a city-owned, land-based casino.After the city council's committee-of-the-whole meeting Wednesday, Davenport Mayor Bill Gluba said the proposal to operate a casino along the Interstate 80 corridor in Davenport made the most sense for the city.
Mayor Gluba said city officials likely will discuss the proposal with the IRGC when it meets June 6 in Osceola, Iowa.
Mr. Blackwell has declined to comment on the proposal. Mayor Gluba, however, says it's the best project for the city.
Mayor Gluba said Mr. Blackwell's proposal has his company, Davenport Casino Group, owning the casino and a hotel. DCG proposes buying Rhythm City Casino from Isle of Capri Corp. and working with the city to build a land-based casino and hotel.
A statement from the city said the proposal would involve "bricks and mortar" costs of $66 million and total costs between $135 million and $140 million. The city would make a $33 million investment in the project.
"It reduces the risk to the city and increases revenues for us and the RDA, plus it provides the school districts $1.2 million a year in tax dollars," Mayor Gluba said."It's a big win we can get done unless there's some better deal out there."
It's just one of several proposals considered by the RDA which holds the gambling license in Davenport.RDA president Mary Ellen Chamberlin on Monday said the group considering three to five proposals.
"We'll probably go up (to the IRGC meeting)," Mayor Gluba said Wednesday. "If we want to have any place on the agenda, we have to get our name on there ahead of time.
"I don't know whether there will be much to report; we hope there will be," he said. "We're optimistic the RDA will make some decision. I respect their right to take the time they need.
"Right now, the state of Iowa is losing $7 million a year to the state of Illinois because of Jumer's casino, and that's a fact," Mayor Gluba said. "It's time to get this over with and move on."
Today is Tuesday, March 11, the 70th day of 2014. There are 295 days left in the year. 1864 -- 150 years ago: Much damage is being done by hogs that are running at large about town. The marshal will take them up and sell them if their owners do not contain them. 1889 -- 125 years ago: George Newberry, Daniel Strecker, Al Webb and James Dixon returned from a voyage down the Mississippi River as far as Memphis, Tenn., on a flat. 1914 -- 100 years ago: Augustana College was put out of the running for the state collegiate basketball title when defeated by Millikin. The Viking lineup included Sten, Samuelson and Swanbeck, forwards, and Holtgren, Johnson and Berg, guards. 1939 -- 75 years ago: The coronation of Pope Pius XII and preliminary ceremonies were broadcast by WHBF on the Mutual Radio Network. 1964 -- 50 years ago: Reactivation of a portion of the J.I. Case Co, plant in Rock Island as a supplier for component parts for the firm's manufacturing centers at Racine, Wis., or Burlington, Iowa, is under consideration. 1989 -- 25 years ago: Downtown Moline business owners will have a chance to help shape the city's future through a survey being done by the Bi-State Metropolitan Planning Commission.