Davenport Non-Profit Recommends A Casino Developer - News and Weather For The Quad Cities -

Davenport Non-Profit Recommends A Casino Developer

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There's been another major step in the developments of a land based casino in Davenport. The question is "Where a Davenport owned casino should be built?"

City Council has narrowed the choices down to two. On the table is a downtown casino between Brady Street and Main Street in the Parker-Putnam towers. Restoration Saint Louis proposed a casino, hotel and mixed use facility. Whereas, Minnesota based Ingenus wants to build an interstate casino at the I-280/I-80 interchange and smaller boutique casino next to the River Center South.

At a meeting on Monday, the non-profit that will run the casino voted to recommend that the city start negotiation with Ingenus. The board was split on the decision with some saying the payoff from an interstate casino is a sure bet and others saying they have more questions.

Also at Monday's meeting the board received more information about a special meeting Davenport City Council will have on Wednesday. At the meeting council will vote on approving negotiations with Ingenus. They will also vote on a negotiating committee working on certain deal points. Those points include: determining whether some other existing downtown property owner could build the smaller, downtown location in a more cost effective manner than what Ingenus is proposing. Negotiations will also look at locations, exploring financing and working with the DCICI to pick a developer.

The recommendation made by the non-profit will help council determine if they want to negotiate with Ingenus. However, members of the DCIC stress that if council votes to start negotiating with Ingenus, it is just negotiations and nothing is final.

"It doesn't mean that we're committed to them, it means we're getting into negotiations with them," says Alderman Jeff Justin, "It doesn't mean we're going to commit to doing a development package with them."

The Riverboat Development Authority will also meet on Wednesday afternoon to possibly recommend a developer. As negotiations get ready to start with a developer, the city is still working with Rhythm City's parent company to buy the casino for $46-million.

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