Businessman and local investor Steve Gray is leading a group of mostly Cedar Rapids investors who want to build a gambling casino here at a cost of $80 million to $100 million and open it in 2016.
“This is a must-do for Cedar Rapids,” says Gray, 54, who is board chairman at ImOn Communications and three other Cedar Rapids firms.
Back in June, it was Gray and his investor group who financed a lengthy, anonymous phone survey that contacted more than 600 Linn County residents to test local attitudes about casino gaming and to ask if they would support a casino in the Cedar Rapids metro area.
Sufficiently promising were those survey results and even more recent ones, Gray said this week, that the group now is beginning the steep uphill climb required in Iowa, home to 18 state-licensed gaming casinos, to turn the idea of a nineteenth casino into reality.
The idea faces an uphill climb, including a potential public referendum and approval from the state Racing and Gaming Commission. But assuming those hurdles can be overcome — would you support a casino in Cedar Rapids?