It’s no secret that investors pushing for a new Cedar Rapids casino don’t and won’t agree on how much business a new casino here will cannibalize from existing casinos in Eastern Iowa.
As proof, Frank Black Cloud, tribal chairman of the Meskwaki Nation, is objecting to comments made last week by Steve Gray, who is leading the Cedar Rapids casino effort and who said last week that a new Cedar Rapids casino won’t do much damage to existing casinos.
Specifically, Gray said a Cedar Rapids casino would generate $80 million a year in revenue, only $18 million of which would come from business now going to existing casinos.
“These numbers simply are not true,” Black Cloud said in a statement and Tom Jochum, government affairs lobbyist for the tribe, repeated on Monday.
A Cedar Rapids casino will harm existing casinos more severely, they said.
What do you think? Do you agree with the Meskwaki Nation representatives, or supporters of the Cedar Rapids casino proposals, regarding the degree to which a Cedar Rapids casino would impact other Eastern Iowa casino operations?