Cedar Crossing Casino Opens Early, Boosting Cedar Rapids Development
What happened
The Cedar Crossing Casino & Entertainment Center will open to the public on November 19, six weeks earlier than its previously planned December 31 opening. The $275 million facility, situated along the Cedar River in Cedar Rapids, will feature a 1,500-person entertainment venue, an Arts and Cultural Center, and restaurants, including the Clubhouse by Zach Johnson. The casino will contribute 8% of its net adjusted gross revenue to the Linn County Gaming Association.
From cbs2iowa.com
Why it matters
The accelerated opening of the casino is expected to drive significant local tax revenue and tourism in Cedar Rapids. Furthermore, the casino is set to contribute a portion of its net adjusted gross revenue to the Linn County Gaming Association.
Local developments in Cedar Rapids include a new restaurant near the Cedar River, city plans embracing the river, and a bank CEO update.
From cbs2iowa.com
Who's involved
- Zach JohnsonOwner of the Clubhouse restaurant within the casino development
- Cedar RapidsCity hosting the $275 million casino and entertainment center
- Cedar RiverRiver along which the casino development is located
- Linn CountyCounty receiving a percentage of the casino's net adjusted gross revenue
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Linn CountySpeculative
Linn County might receive increased funding through the casino's revenue contribution.
- Zach JohnsonSpeculative
Zach Johnson might see the Clubhouse by Zach Johnson begin generating revenue sooner due to the accelerated opening.
- IowaSpeculative
Iowa could see an increase in state tax revenue and tourism.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- New Cedar Crossing casino may boost Linn County fundingLinn County may receive increased funding from the new casino's revenue.Likely
- Cedar River development may require environmental review from Iowa DNRCedar River development may require environmental review from Iowa DNRPossible
- Cedar Rapids city council may approve major riverfront casinoCedar Rapids city council must approve zoning for $275 million river developmentPossible
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The entities involved
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Iowa
state of the United States of America
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Cedar Rapids
city in and seat of Linn County, Iowa, United States
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Cedar River
river in Minnesota and Iowa, United States
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