IRGC grants license, raises eyebrows with change - KWWL - Eastern Iowa Breaking News, Weather, Closings

IRGC grants license, raises eyebrows with change

Posted: Updated:

The Iowa Racing and Gaming Commission (IRGC) nixed the proposed Cedar Bend Casino in Linn County, saying it would cannibalize existing operations, like the Waterloo Isle.

That's why for Cedar Rapids, the go-ahead on the Greene County Casino, which came on Thursday, is salt in the wound.

"They were so strong, the Racing and Gaming Commission, as far as cannibalization and the industry," Cedar Rapids Mayor Ron Corbett said. "'It was saturated.' They used their own studies. The studies haven't changed."

Those studies show the Greene project will pull about $2 million in revenue from the Isle, versus an estimated $10 million impact by Cedar Crossing.

In April, the IRGC voted to deny the license, 4 to 1.

"In granting a new license here we would have been making a significant policy shift in how gaming is regulated in Iowa," said Jeff Lamberti, IRGC Chairman.

Today, on the other hand, Lamberti voted in favor of a new facility.

"The net economic impact to the state, to the local area, outweighed the impact to existing facilities," Lamberti told KWWL.

Industry experts do note key differences between the two projects. One, Greene County is significantly more rural than Linn, so the casino could have a greater impact in terms of job creation.

Additionally, some studies show gamblers will drive about 75 miles to reach a casino, so the new facility in Jefferson will cannibalize Eastern Iowa facilities less severely.

Still, it's tough to take for Corbett.

"I think we should still continue to try," he said. "This just gives me more resolve to try for a license on behalf of our community and I hope the citizens feel that way too."

Beth Knipp, Executive Director of the Black Hawk County Gaming Association, said they're unconcerned with the Greene facility's projected impact.

  • NEWSNEWSMore>>

  • Dubuque ranks in Top 10

    Dubuque ranks in Top 10

    Monday, July 28 2014 3:16 AM EDT2014-07-28 07:16:38 GMT
    Two Iowa cities are ranked in the Top 10 in Forbes. Dubuque ranks as #8 in the United States for Best Small places for Business and Careers Ranking. Des Moines also ranked in the Top 10 in the large city category.More >>
    Two Iowa cities are ranked in the Top 10 in Forbes. Dubuque ranks as #8 in the United States for Best Small places for Business and Careers Ranking. Des Moines also ranked in the Top 10 in the large city category.
    More >>
  • Low-interest loans to Iowa residents and business owners

    Low-interest loans to Iowa residents and business owners

    Monday, July 28 2014 2:19 AM EDT2014-07-28 06:19:48 GMT
    The U.S. Small Business Administration has announced that they will be offering low-interest federal disaster loans to Iowa residents and business owners that were affected by the severe storms and flooding that took place June 26- July 9.Since the storms and flooding took place, the Cedar Rapids Mayor, Ron Corbetter, City Council Members and the City Manager, Jeff Pomeranz have been working closely with the Congressional Delegation and State officials to bring relief and help to Cedar Rapids...More >>
    The U.S. Small Business Administration has announced that they will be offering low-interest federal disaster loans to Iowa residents and business owners that were affected by the severe storms and flooding that took place June 26- July 9.Since the storms and flooding took place, the Cedar Rapids Mayor, Ron Corbetter, City Council Members and the City Manager, Jeff Pomeranz have been working closely with the Congressional Delegation and State officials to bring relief and help to Cedar Rapids...More >>
  • Lane restrictions on U.S. 52 at the Upper Iowa River bridge near Decorah

    Lane restrictions on U.S. 52 at the Upper Iowa River bridge near Decorah

    Monday, July 28 2014 1:59 AM EDT2014-07-28 05:59:59 GMT
    Starting today, U.S. 52 will be down to one lane on the Upper Iowa River bridge near Decorah. This is due to the bridge deck joint will be getting repaired. For now, motorists will be directed through the construction by temporary traffic lights. Signs will be posted in advance of the construction to reminder both directions of traffic to be alert. The Iowa DOT reminds motorists to drive with caution and obey the speed limit signs.More >>
    Starting today, U.S. 52 will be down to one lane on the Upper Iowa River bridge near Decorah. This is due to the bridge deck joint will be getting repaired. For now, motorists will be directed through the construction by temporary traffic lights. Signs will be posted in advance of the construction to reminder both directions of traffic to be alert. The Iowa DOT reminds motorists to drive with caution and obey the speed limit signs.More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KWWL. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service and Mobile Privacy Policy & Terms of Service.

Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Administrative Assistant Sandy Youngblut at 319-291-1259. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at fccinfo@fcc.gov.