Davenport plans to buy Rhythm City Casino - CBS4 - WHBF Quad Cities, IL-IA News Weather Sports
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By: Jillian Wilson
The city of Davenport is in the works to buy the Rhythm City Casino.
Davenport will pay 46 million dollars for all of the slot machines, table games, and everything else that's on the current rhythm city boat.
"We've got something rolling in Davenport. It's the hottest address in the Quad cities, Downtown Davenport, and I don't want to slow it down," says Mayor Bill Gluba of Davenport.
An even bigger casino in davenport will be anything but slow.
City leaders hope to create a land based casino either in the downtown area or off interstate 80.
"It's a lot of money, taxpayer's money," says Robert Fitzgerald, a Davenport Resident.
But leaders say none of the money will come from property taxes.
Instead, the city will pay off bonds with casino revenue.
People who currently work at rhythm city will keep their jobs.
Some folks in the QC think it's a good plan.
"I do think it's worth it just because I think they'll make more in the long run. It's a big investment, but I think it will be worth it," says Kelly Stead, a Davenport Resident.
Mayor Gluba says the city would be following the path of other Iowa Cities. Dubuque made almost a hundred million dollars from its casino over the past decade.
"A lot of major progressive cities like Dubuque have seen the wisdom of owning their own casino and controlling their own destiny and stopping the flow of profits of our local money going elsewhere in the country," says Gluba.
City leaders will discuss the purchase at tomorrow's finance committee meeting and will vote on October 24th.
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