Davenport's city administrator on Thursday said he hopes to have all agreements in place next month for a land-based, city-owned casino.
Craig Malin said the city plans to take those agreements to the Iowa Racing and Gaming Commission, possibly at its March 7 meeting in Johnston, Iowa, to secure its approval.
The city wants to buy Rhythm City Casino from Isle of Capri using $46 million in general obligation bonds. Three developers have submitted proposals for land-based casinos.
On Thursdsay, Mr. Malin updated the Davenport Community Improvement Corp. on the process. The DCIC board, which includes Mr. Malin, would oversee casino operations for the city.
Mr. Malin said the DCIC and the Riverboat Development Authority, which holds the gaming license, must agree on the casino's operations. The RDA's 12-member nonprofit board, which holds the casino license, has yet to approve any of Davenport's plans for a new casino.
RDA president Mary Ellen Chamberlin said the ideal situation is for the DCIC and RDA to go to the IRGC seeking an operator's license.Mr. Malin on Thursday acknowledged there are some philosophical differences among two RDA board members regarding "community" ownership of a land-based casino.
"We're still in the process of getting as much information to as many (RDA) board members as we can," Ms. Chamberlin said. "I also don't think, in my wildest dreams, it's (vote) going to be a unanimous decision."
She speculated three RDA members may vote against a gaming license agreement with the DCIC.
RDA treasurer Don Decker and RDA board member Chad Lewis have publicly expressed concerns about a city-owned casino, as well as a possible casino location in downtown Davenport. ContactedThursday, Mr. Decker said he opposes the city's plan because the financial risk is too great.
"I'm still looking for a 'no' vote to take the city out of this package," he said. "As long as the Isle of Capri has this silly $46 million locked in as a guarantee from the city, the Isle of Capri is not going to talk to anybody (potential casino developers).
"I'm asking members of the RDA, do you have the guts enough to vote 'yes' to put the citizens of Davenport at risk for any kind of a loss? Are you willing to do that?" Mr. Decker said. "At this point, I haven't seen nothing from the city that makes me feel any different."
Also on Thursday, Mr. Malin told DCIC members that Gary Buettner, a former chief financial officer of Jumer's Hotel and Casino, has been hired by the city to help a 17-member committee compare three casino proposals.
Today is Tuesday, Dec. 10, the 344th day of 2013. There are 21 days left in the year. 1863 -- 150 years ago: We give "the government" the benefit of our circulation free of charge, for two advertisements for mules, horses and forage. 1888 -- 125 years ago: The official board of the First Methodist Church voted to build a new church. 1913 -- 100 years ago: W.A. Reid was elected commander of Siboney Bay Camp No. 8, United Spanish War Veterans. 1938 -- 75 years ago: Mrs. Blanche S. Osborne, of Rock Island, is the only woman in the city who is a member of the American Legion. 1963 -- 50 years ago: The Rocket Barbershop Chorus, under the direction of Howard Mesecher, will present a concert of barbershop songs at the December meeting of the Woman's Club of Moline at 2 Saturday afternoon in Scottish Rite Cathedral. 1988 -- 25 years ago: Helen A. Stone, of Moline, traded her organ's bench for a seat in the pew when she retired as church organist of Union Congregational Church, Moline, recently. She's been playing either piano or organ for the church for 61 years.