Riverboat Development Authority Approves Kehl Casino Plan - News and Weather For The Quad Cities -

Riverboat Development Authority Approves Kehl Casino Plan

Updated: Sep 16, 2013 06:51 PM
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The Scott County Casino plan is one step closer to reality. The Riverboat Development Authority has approved Kehl Management's plan to build a $100 million dollar casino and hotel complex.

The developer has narrowed their site choice to 123 acres of farmland just south of I-80 along Veterans Memorial Parkway and Eastern Avenue.

Kehl says this property will optimize the most revenue with its traffic and location. Now with this agreement approved by the Riverboat Development Authority, that's one more step down and a few more to go.

The Scott County Casino still needs a deal with the Isle of Capri, the Iowa Racing and Gaming Commission, and the City of Davenport to make this happen.

The group has until October 15th to finalize a deal with the Isle of Capri, at the Riverboat Development Authority meeting Monday Kehl said that agreement is nearly finished.

Under this plan, after the casino has been open for four years, 6.4 percent of the gaming revenue after taxes will go to the RDA, funding non-profits like the American Cancer Society and the American Heart Association. That's about one percent more than what they get now.

1.75 percent will go to the City of Davenport. That's about the same as the city gets now from the isle of Capri. The city will still get over two million dollars in property taxes from the project on top of that.

0.35 percent will go to the Downtown Davenport Partnership to develop the downtown area. RDA members are calling this the best option for Scott County.

"I believe it is the best option, we've got a proven company who's been successful in Iowa, we know there are no licensing issues, so we shouldn't have any problems," RDA President Mary Ellyn Chamberlin says.

"We represent the RDA and the people of Scott County, I think for the people of Scott county, this is a win win for them, so we're able to award more grants out into our various communities," RDA Board of Directors Chairman Gary Mohr says.

This plan still needs approval from the Iowa Racing and Gaming Commission and the Isle of Capri which owns the casino license.

Kehl also needs to reach an agreement with the City of Davenport. If all those things don't fall into place by March 31st of next year, than this deal with the r-d-a is off.

 But for now it's full steam ahead for Kehl Management to move forward with its plan.   

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