Davenport Creates Casino Non-Profit Organization - News and Weather For The Quad Cities -

Davenport Creates Casino Non-Profit Organization

Updated:
  • Most Popular StoriesMost Popular Stories

  • Tuesday, June 18 2013 5:25 PM EDT2013-06-18 21:25:36 GMT
    Update 6-18-13: Davenport police say an autopsy on the victim, Douglas Whalen, shows the cause of his death was from a blunt force injury to the head. According to police, Whalen was involved in an altercation
    Update 6-18-13: Davenport police say an autopsy on the victim, Douglas Whalen, shows the cause of his death was from a blunt force injury to the head. According to police, Whalen was involved in an altercation
  • Wednesday, June 19 2013 1:41 PM EDT2013-06-19 17:41:03 GMT
    UPDATE: Police say the boy has been found.ORIGINAL: The Morrison Police needs your help to find a missing child. Police are looking for a young boy by the name of Eric. They say he ran from home this
    UPDATE: Police say the boy has been found.ORIGINAL: The Morrison Police needs your help to find a missing child. Police are looking for a young boy by the name of Eric. They say he ran from home this
  • June 18, 2013 10:30 PM 2013-06-19 11:46:22 GMT
    Jeep dealers, including those in the Quad Cities area, are waiting on details on a massive recall just announced Tuesday. After first refusing a request from government regulators Chrysler will now
    Jeep dealers, including those in the Quad Cities area, are waiting on details on a massive recall just announced Tuesday.

The City of Davenport has taken another step towards buying Rhythm City Casino. City leaders are planning on buying the casino for $46-million and building a land based casino. The city is setting up a non-profit organization that will run the casino and we now know more about how the organization will work.

The Davenport Community Improvement Corporation will have 7 board members. 3 members will be from the city, they include one alderman, the police chief and the city administrator.  4 members from the community will also be on the board of directors. Initially, the 4 community members will be appointed by the Mayor and approved by council. They will serve staggered 3 year terms. After the first 3 -years, 2 of the community board members will be appointed by the Riverboat Development Authority.

"The idea is to get people on the board that are good analytical thinkers with good judgment and business acumen, so we have a successful enterprise," says Davenport City Attorney Tom Warner.

Community board members will receive a $1000 monthly stipend. City leaders who serve on the board will not be paid anything extra. The Davenport Community Improvement Corporation will contract with the city to lease the casino's equipment and real estate. The non-profit will also have loan agreements with the city and an agreement with the RDA to operate the casino.