Wild Rose Proposes New Casino In Cedar Rapids, Iowa

Wild Rose Proposes New Casino In Cedar Rapids IowaWild Rose Casino has made an announcement recently where it has shown interest in developing a $40-million casino in Cedar Rapids, Iowa.

The proposal for this new casino Cedar Rapids has been put forth by Wild Rose Casino 2 years after its previous casino request was rejected. This new casino is a very small compared to the earlier one which the developers wanted to develop 2 years back in 2014.

The casino was rejected by Iowa Racing and Gaming Commission which is the gaming regulator in the state of Iowa.

Wild Rose Casino’s President Tom Timmons has said that the proposal for the new casino will involve local partners and they are planning to build the Cedar Rapids Casino in the city’s parking lot.

The President has further said the new casino’s size will depend on the detailed market study. Timmons has further told that the parking will be on the first floor while the casino will be on the second floor. The 3rd and 4th floors are going to have commercial offices. He believes that the small casino will not have any kind of objection from the gaming commission and it will be easily approved without any fuss.

Wild Rose Casino and Resort Halloween Surprise

Tim Timmons has labelled the Cedar Rapids casino as a boutique casino with novelty games because of its small size and the fact that it does not include any entertainment facilities, restaurants or hotels. For housing, he is planning to use the existing facilities like Doubletree by Hilton Hotel. It is located across the street where the casino is proposed to open.

Timmons has made the following statement:

We have a plan. Does the plan make sense? Cedar Rapids is the second largest city in Iowa I think someday Cedar Rapids will have a casino.

At the moment there are 3 casinos operated by Wild Rose in Iowa State. They are located at Emmetsburg, Clinton and Jefferson. The casino at Jefferson was the last casino of Wild Rose that was approved by Gaming Commission. It was approved after the proposal for Cedar Rapids was submitted. The board members of Gaming Commission have decided to adopt an informal moratorium on approving any number of new casinos lasting for 3 years. This self-imposed moratorium will expire in 2017.

As per Wild Rose casino, this small boutique casino will attract tremendous employment opportunities. It will provide job to a large number of 200-250 people with a total annual salary of all the employees in the range of 6 to 7 million dollars. Apart from that, the employees will receive several benefits.

Ron Corbett who is the Mayor of Cedar Rapids has pointed out that the investors for the original proposal for the casino have an original agreement in place which gives them a time period of 3 years to activate the plan. But he has further added that if the new casino at Cedar Rapids generates a lot of interests, there could be discussions between the new and old investors.

Jay Stevens

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