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First Look at Cedar Crossing Casino

First Look at Cedar Crossing Casino

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Published by IowaCityPatch
A preview of the Linn County Casino project/
A preview of the Linn County Casino project/

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Published by: IowaCityPatch on Sep 04, 2013
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09/04/2013

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Media Contact:
RG Schwarm641-590-0921
Cedar Rapids Development Group Delivers Application for $165 MillionCedar Crossing Casino
September 3, 2013
Cedar Rapids, Iowa
The Cedar Rapids Development Group and Linn CountyGaming Association have submitted an Application for a Gambling Structure to the Iowa Racing andGaming Commission. The proposed development is called Cedar Crossing Casino and it presents anopportunity to build a $165 million project in Downtown Cedar Rapids. The application is the next stepin the process of making the urban/downtown casino a reality.
“The c
asino project and its Development Agreement are
critical to Cedar Rapids and our community’sfuture,” Ron Corbett, Mayor of Cedar Rapids said. “Our community is united
behind the proposed
downtown casino. We’ve made great progress since the floods of 2008. However, we still have a long
way to go and this casino project is a catalyst for our ongoing recovery which will add to our propertytax base, create jobs and will b
e a critical piece for west side flood protection.”“The proposed casino design
not only fits the environment, it is capitalizes on what makes our locationthe best one for Linn County, with awesome views of the Cedar River and our downtown skyline as its
backdrop,” Steve Gray, Cedar Rapids Development Group said. “The vision we started with about a year
ago has grown to offer the amenities necessary to help reshape our downtown. This is not just about a
casino; it’s about our community’s collective determ
ination to make the right decisions for the right
reasons.”
 
“We couldn’t be more encouraged about all that a casino gaming license would bring,” Leah Rodenberg,board member and secretary/treasurer of Linn County Gaming Association, the proposed casino’s
qualified sponsoring organization, said. The non-profit group stands to become th
e casino’s co
-licenseeif the casino
license is awarded. “
From the beginning, state leadership wanted to be certain that casinooperators provided the largest possible impact throughout the state. Our revenue share from gaming atthe proposed casino would continue this commitment by providing millions of dollars to distribute tonon-profits each year
.”
The casino development will include a variety of dining options; a buffet, a steakhouse, and a deli, plus a
retail store and banquet facilities. “T
he proposed development is precisely what we need not only toimprove quality of life for residents but also attract more visitors
especially regional and nationalconvention travel to
Cedar Rapids,”
Marilee Fowler, executive director of the Cedar Rapids AreaConvention & Visitors Bureau said
. “This project is aligned with everything that Cedar Rapids area has to
offer. By providing quality entertainment downtown, 365 days a year within minutes of 3,000 hotelrooms and within walking distance to the new US Cellular Center, our s
tate’s second largest city would
be well poised in Regional and National Convention competitive bids.
 -more-
 
While the Cedar Crossing Casino vision has grown to offer amenities which will help reshape DowntownCedar Rapids, studies released with the application show its positive economic impact would benefit theentire region and the state. The $165 million development includes the casino projected costs at $139
million plus $25.3 additional for the public parking structure. Two studies regarding the development’s
economic impact were submitted by Cedar Rapids Development Group and Linn County Gaming
Association with the casino’s application to Iowa Racing and G
aming Commission.
One study conducted by TMG Consulting titled “Casino Gaming Market Assessment” finds that gross
gaming revenue share (gaming taxes and fees) paid to Linn County Gaming Association, state and localgovernment agencies would add up to near
ly $100 million in Cedar Crossing Casino’s first five years of operation. “The casino development would help relieve tax payer burden here and across the state,”
Brent Oleson, Linn County Commissioner and Linn County Gaming Association board member said.
“You
would be hard-
pressed to find another development that could generate so much positive impact.”
 Cedar Crossing Casino is forecast to create more than 450 jobs. Also, 125 short-term construction jobscan be anticipated during the construction phase of the Cedar Rapids development. The majority of thenew jobs created at the casino require no casino experience. Cedar Crossing Casino would hire andprovide training for new hires. Other jobs would be created based on purchases the casino makesdirectly, casino visitor spending and the payroll new casino jobs provide.
According to Strategic Economics’ Study dated January 2013, Cedar Crossing Casino project will provide
an estimated $78 million of economic impact each year. With $48 million coming directly from CedarCrossing Casino and an additional nearly $30.5 million of impact coming from business and consumerspending related to the new development. In addition, construction of Cedar Crossing Casino willproduce an economic impact of more than $70 million; $49 million directly and 24.7 from business and
consumer spending related to Cedar Crossing Casino’s construction.All of this is good news for a region hit so hard by the floods of 2008. “The proposed casino
development will be a catalyst for even more reinvestment by private businesses that are not accountedfor in these studies,
” Mayor Corbett said. “The project and its economic impact
are significant. Theimpact put forward by these studies is merely the tip of the iceberg for what this development means to
our local economy.”
 Casino project renderings will be on public display at Cedar Rapids City Hall beginning Wednesday,September 4 through October 1, 2013. The Iowa Racing and Gaming Commission is expected to considerthe application over the next several months and render a decision in spring 2014.###
 
Executive Summary- Linn County Gambling Structure Application
SEPTEMBER 3, 2013SITE AND DEVELOPMENT OVERVIEW
The 171,000 square foot Cedar Crossing Casino is proposed to be built as a flagship entertainmentdestination for the west side of the Cedar River in downtown Cedar Rapids. As a truly urban casino, thisfacility will be an experience like no other in this region of the state. This facility will become acornerstone for the redevelopment of the historic Kingston Village neighborhood of Cedar Rapids. Thissection of the city desires to redefine itself as the entertainment district of the community. With thedevelopment of the casino, it will begin to support a new cultural life style.The facility embraces the natural features and urban structures of the existing site context. Thecontemporary glazed porte cochere that defines the entrance and welcomes visitors to the casino isencompassed by stone and brick which comprise the remainder of the building. The gesture of using
the glazing window system mimics the reflection of the water’s surface on the Cedar River, a center
piece of the downtown fabric. The native Anamosa Stone is the material of choice for many facilities inthis region. The material language of the stone and brick is contextually pulled from the historicdowntown fabric of the surrounding neighborhood. This material is used on such well known historicbuildings as the Louis Sullivan bank which is in the heart of the Kingston Village. The unity of the brickand stone along with the contemporary selection of glass allow the casino to embrace all facets of time.The porte cochere is not only the first thing individuals see when entering the casino, but it will bewashed with light during the evening hours so as to create a beacon for the casino within the KingstonVillage neighborhood. Synthesizing historical and modern aspects, the Cedar Crossing Casino unites allaspects of the city.Cedar Crossing Casino will provide a variety of dining and entertainment options including;Pickle Works is a 24 hour deli which offers deli-style sandwiches and salads. The name is atribute to the historic Cedar Rapids Pickle WorksFactory.The Kingston Market Buffet will feature liveaction cooking and fresh, locally grown produceand ingredients, and will seat approximately 220guests.

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