Council Members Unhappy with New Casino Development Agreement - News and Weather For The Quad Cities -

Council Members Unhappy with New Casino Development Agreement

Updated:
  • Most Popular StoriesMost Popular StoriesMore>>

  • Woman Taken To Hospital After ATV Crash On Wapsipinicon Sandbar

    Woman Taken To Hospital After ATV Crash On Wapsipinicon Sandbar

    Monday, September 1 2014 4:50 PM EDT2014-09-01 20:50:56 GMT
    Scene Of ATV Accident Saturday near Calamus, IAScene Of ATV Accident Saturday near Calamus, IA
    Conservation officers are reminding people to stay away from sandbars when using All-Terrain-Vehicles following a weekend accident.More >>
    Conservation officers are reminding people to stay away from sandbars when using All-Terrain-Vehicles following a weekend accident.More >>
  • Cancer Survivor Getting Wish To Meet Chicago Bears

    Cancer Survivor Getting Wish To Meet Chicago Bears

    Monday, September 1 2014 6:24 PM EDT2014-09-01 22:24:39 GMT
    A Fruitland man recovering from a rare form of bone cancer is getting his wish.The Kids Wish Network is sending Zach Painter to Chicago's Soldier Field where he and his family will watch Sunday's Bears game and meet the players. The trip signals the end of a tough year for the cancer survivor who celebrated his 20th birthday on Friday.“Bears are my favorite team,” said Zach. “Since I've been little, all I do on Saturday and Sunday is watch football.”Zach is a football fanatic, just ask him. L...More >>
    A Fruitland man recovering from a rare form of bone cancer is getting his wish.The Kids Wish Network is sending Zach Painter to Chicago's Soldier Field where he and his family will watch Sunday's Bears game and meet the players. The trip signals the end of a tough year for the cancer survivor who celebrated his 20th birthday on Friday.“Bears are my favorite team,” said Zach. “Since I've been little, all I do on Saturday and Sunday is watch football.”Zach is a football fanatic, just ask him. L...More >>
  • Soybean Disease Appearing In Local Farm Fields

    Soybean Disease Appearing In Local Farm Fields

    Monday, September 1 2014 11:14 PM EDT2014-09-02 03:14:12 GMT
    A wet summer and spring has brought back a disease to local soybean fields. Soybean Sudden Death Syndrome causes bean plants to die early, before the plant has been able to fully grow its soybeans.More >>
    A wet summer and spring has brought back a disease to local soybean fields. Soybean Sudden Death Syndrome causes bean plants to die early, before the plant has been able to fully grow its soybeans.More >>

Davenport City Council members said Monday there appears to be a significant change in the latest Scott County Casino development agreement – a change that would leave the city with millions of dollars less than it had anticipated.
 
As of August 29, the city was expecting to garner about $29 million in revenue from the casino over the next ten years. But after reviewing the operating agreement negotiated by the RDA with Kehl that was released today, the city said it estimates it would only get $9.9 million plus an admission tax over the next ten years.
 
As the city projects it would lose money on the new deal, it says the RDA would gain money. The Kehl proposal presented to council in late August, according to the city, would have given the RDA about $34 million in revenue from the casino over the next ten years. But according to the city's estimates, the new agreement would give the RDA $46.9 million over the next ten years.
 
RDA President Mary Ellen Chamberlain said that additional money for the RDA was negotiated so it could properly serve the area's charities.

Powered by WorldNow

805 Brady Street, Davenport, IA 52803

Telephone: 563.383.7000
Fax: 563.383.7131
Email: news@kwqc.com

Can’t find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Young Broadcasting of Davenport, Inc. A Media General Company.