Representatives of several Linn County nonprofit agencies touted the financial benefits of a proposed Cedar Rapids casino for their organizations during a news conference Oct. 10 at the Four Oaks administrative offices on Collins Road NE in Cedar Rapids.
Developers of the proposed $275 million Cedar Crossing casino in Cedar Rapids say they plan to donate 8% of the casino’s net adjusted gross revenue to nonprofit organizations – more than twice the state-mandated minimum. Supporters say about $6.3 million will be generated for nonprofits each year if a gaming license for the proposed casino is approved by the state’s Racing and Gaming Commission in February.
