Iowa: development group proposes casino project for Des Moines airport
Highview Development Group, which includes Wild Rose Entertainment, has submitted to the Des Moines Airport Authority board on Tuesday a project to build a $225 million casino and hotel at the Polk County Airport.
The airport board tabled discussion of the proposal until its February meeting, the Gazette reports. The development would help pay for a new 18-gate terminal that is planned for an opening in 2028.
Prairie Meadows Racetrack and Casino in Altoona has been the lone legal gambling house in metropolitan Des Moines since it opened as a horse track in 1989. It added slot machines in 1995 and table gambling in 2004.
Officials have been seeking $194 million from various sources to cover the $500 million project.
The Iowa Racing and Gaming Commission twice rejected investors’ proposals for a casino in Cedar Rapids — in 2014 and 2017 — citing a “saturated market” and potential “cannibalization” of income for other casinos in the state.
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