DAVENPORT, Iowa — Davenport aldermen have unanimously approved the rezoning of about 108 acres for a $110 million casino and other projects.
The Davenport City Council OK'd the rezoning of the land at Interstates 80 and 74 in a special meeting that took about 20 minutes Wednesday, the Quad-City Times (http://bit.ly/10tl5qD ) reported. The move allows Scott County Casino LLC to start construction of the casino that will include a 143-room hotel and event center.
"We're very excited," CEO Dan Kehl said. "This will change the front door of Davenport forever. This will be the number one destination casino in eastern Iowa."
Aldermen also passed four other resolutions related to the casino. One was about the casino's development plan with the city. The others involved land acquisition and construction that will complement the casino.
The city is acquiring land to build a park for the Jersey Farms area neighborhoods. City Finance Director Brandon Wright said the land will be bought using Tax Increment Financing, or TIF, money.
"This is in a TIF area," Wright said. "It has the available cash to purchase the property. This is just the type of project for which the TIF was designed. Because of the TIF, it will not take away from any other city projects."
One person who attended the meeting spoke in favor of the project, thanking the City Council for listening to residents' concerns and working with them on improving the area, such as traffic.
Information from: Quad-City Times, http://www.qctimes.com
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