Isle Of Capri Announces Sale Of Rhythm City Casino In Davenport - News and Weather For The Quad Cities -

Isle Of Capri Announces Sale Of Rhythm City Casino In Davenport

Updated:
  • Most Popular StoriesMost Popular StoriesMore>>

  • Rollover Crash Near Sherrard High School

    Rollover Crash Near Sherrard High School

    Thursday, August 21 2014 3:19 PM EDT2014-08-21 19:19:44 GMT
    Three people were taken to the hospital after a rollover accident near Sherrard Jr./Senior High School. According to the Rock Island County Sheriff's Office, a 16-year-old female driver, a 45-year-old female driver and a male juvenile passenger were taken for treatment of what are considered to be non life-threatening injuries.More >>
    Three people were taken to the hospital after a rollover accident near Sherrard Jr./Senior High School. According to the Rock Island County Sheriff's Office, a 16-year-old female driver, a 45-year-old female driver and a male juvenile passenger were taken for treatment of what are considered to be non life-threatening injuries.More >>
  • Meaning Of Ice Bucket Challenge

    Meaning Of Ice Bucket Challenge

    Tuesday, August 19 2014 7:23 PM EDT2014-08-19 23:23:59 GMT
    Nikki and Craig Leonard both lost their fathers to ALS, also known as Lou Gehrig's Disease. Their family is grateful for the viral Ice Bucket Challenge. They see it as a great way of raising awareness of a disease that is often overlooked.More >>
    Nikki and Craig Leonard both lost their fathers to ALS, also known as Lou Gehrig's Disease. Their family is grateful for the viral Ice Bucket Challenge. They see it as a great way of raising awareness of a disease that is often overlooked.More >>
  • IL DOT: "Very Concerned" About Centennial Bridge Schedule

    IL DOT: "Very Concerned" About Centennial Bridge Schedule

    Wednesday, August 20 2014 4:08 PM EDT2014-08-20 20:08:30 GMT
     The Illinois Department of Transportation has released an update on Centennial Bridge construction and some unexpected problems have arisen.More >>
     The Illinois Department of Transportation has released an update on Centennial Bridge construction and some unexpected problems have arisen.More >>

DAVENPORT, Iowa (AP) - The company that owns the Rhythm City Casino on Davenport's riverfront will sell it to a developer who plans to build a new land-based casino.          

Isle of Capri Casinos, Inc., announced Wednesday that it has reached a "definitive purchase agreement" with Scott County Casino, LLC, which is led by developer Dan Kehl. The $51 million sale is expected to close next year.

The sale was expected after Davenport leaders last week approved Kehl's plan for a $110 million casino development near Interstate 80. The Rhythm City will eventually close under the plan.

Isle of Capri CEO Virginia McDowell said the agreement is the latest step in a "long and sometimes arduous process." She says the focus now turns to ensuring a smooth transition of the property to new ownership.

 

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.