Rhythm City Casino Allowed to Move - Tuesday 20th of June 2006

IOWA – As reported by the Quad-City Times: "The U.S. Army Corps of Engineers issued a permit to allow Isle of Capri Casinos, Inc. to move the Rhythm City Casino riverboat 380 feet east upstream.

"The move allows the casino to develop a $43.1 million riverfront hotel and parking garage in downtown Davenport.

"Isle of Capri Casinos of Iowa regional vice president Nancy Donovan said the Isle applied for the permit in October 2005. The city asked them to move the riverboat so the proposed hotel could be adjacent to the parking garage.

"A 10-story riverfront hotel will be built east of Brady Street and hold 181 rooms. It will be connected to a five-story, 513-space parking garage.

"…The project will be paid for by the Isle of Capri with a partnership with the Riverboat Development Authority, Ms. Donovan said. Property tax dollars will also be used to cover the riverboat move and infrastructure improvements, according to Ms. Donovan.

"…The project will take 14 to 18 months to build, Ms. Donovan said…"

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