JOHNSTON — An update to the Iowa Racing and Gaming Commission on the sale of the Rhythm City casino was “an uneventful event” to Davenport Mayor Bill Gluba.

City officials traveled to this Des Moines suburb prepared to answer any questions, but they got none after the update from Michael Fries, Isle of Capri vice president of legal affairs.

Fries told the commission the city is positioning itself for the $46 million sale and a marked up purchase agreement is expected to be received from the city soon.

A lack of questions is a good sign, Gluba said. He, along with aldermen Gene Meeker, Bill Boom and Jeff Justin and city administrator Craig Malin attended the meeting.

The city officials met with commission officials Wednesday and provided them information on the purchase and future development, including the opportunity for both a downtown casino and one along the city’s interstate corridor.

“That is still wide open for discussion,” Gluba said. “At this point in time, I take this as ‘go ahead and proceed with the Isle of Capri and then come back when you are farther along.’ We had all those all those questions ready to be answered.”

The aldermen also took the commission’s silence as a positive, with Boom saying, “briefer is the best.”

“Open communication with the Racing and Gaming Commission is key,” Justin said. “We gave them a packet with what our attorneys have done and the (request for proposals).”

A letter from the city of Davenport to the commission sets an ambitious timeframe for the Rhythm City purchase.

The letter states that by the commission’s January meeting, the city will have an agreement with Riverboat Development Authority, a development agreement finished and the casino’s purchase from the Isle of Capri nearly completed.

Mary Ellen Chamberlin, president of the Riverboat Development Authority, which holds the city’s casino license, said her board isn’t ready to vote on an agreement with the city. RDA board members still have questions about the city’s plans and want to see what type of development will take shape.

“We look for a positive transition of the casino,” she said. “We want to take a look at what type of development there is.

“Most of those questions have been answered, but we have a ways to go.”

Also, the city expects the nonprofit Davenport Community Improvement Corp. to be incorporated and board members submitted for background checks.

“I can assure you Davenport takes the issue of maximizing the value of the gaming license for the state, RDA and local community seriously, and that we hold all our endeavors to the highest standards,” states the letter signed by Gluba.


EARLIER REPORT: DES MOINES — A letter from the city of Davenport to the Iowa Racing and Gaming Commission sets an ambitious timeframe for the Rhythm City casino purchase.

The letter states that by the commission’s January meeting, the city will have an agreement with the Riverboat Development Authority, a development agreement completed and the casino’s purchase from the Isle of Capri nearly finished.

City representatives, including Mayor Bill Gluba and aldermen Gene Meeker and Jeff Justin are at the Racing and Gaming Commission’s monthly meeting this morning to make a presentation about the city’s purchase of the Rhythm City.

Also, the city expects the nonprofit Davenport Community Improvement Corp. to be incorporated and board members submitted for background checks.

“I can assure you Davenport takes the issue of maximizing the value of the gaming license for the state, RDA and local community seriously, and that we hold all our endeavors to the highest standards,” states the letter signed by Gluba.

(1) comment

KAQ

The last thing that the town of Davenport needs to do is purchase a casino.

Ultimately, no matter how you cut it or who says what, the taxpayers will foot the final bill. If Gluba wants to purchase the casino then let him use his money not the taxpayers money.

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