(Cedar Rapids, IA) -- Peninsula Pacific Entertainment (P2E) and the Linn County Gaming Association (LCGA) have unveiled plans for Cedar Crossing Casino and Entertainment Center. The proposed $275 million development would be built on the former Cooper’s Mill site, on Cedar Rapids’ northwest side. The entities plan to submit their gaming license to the Iowa Racing and Gaming Commission (IRGC), and together will present their application in October.
Backers estimate the Cedar Crossing Casino project could generate more than $80 million in new revenue to the state of Iowa.
“Cedar Crossing Casino and Entertainment Center will be a transformative addition to the region and a major source of new revenue for the state,” said P2E’s Jonathan Swain. “We are excited to share our plans for this state-of-the-art facility, which will offer gaming experiences, and a variety of amenities and attractions designed to enhance both the local community and the visitor experience.”
Cedar Crossing is a $275 million investment, which is the largest gaming project in Iowa’s history. It includes 700 slot machines and 22 table games.
The facility will also feature a 1,500-capacity entertainment venue and an Arts & Cultural Center, as well as a STEM lab designed to inspire and educate the next generation of innovators.
“The latest Cedar Crossing Casino plans from P2E and the Linn County Gaming Association only add to the excitement felt by our community members who voiced their overwhelming support for a casino in our Metro. These plans reflect the current landscape of gaming, including robust entertainment opportunities,” said Cedar Rapids Mayor Tiffany O’Donnell. “It is equally exciting for the hundreds of individuals and families who will benefit from the jobs that Cedar Crossing creates and the game-changing financial support for our local nonprofits. As we await the Iowa Racing and Gaming Commission’s decision, the City Council and I will continue to listen to our community to ensure the final project meets the vision for the casino they requested, while creating a net-positive impact on the neighborhood, city, and region.”
The proposed complex, if approved, would be built on the northwest side of Cedar Rapids at the former Cooper’s Mill site.