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CEDAR RAPIDS, Iowa (KCRG) – On Wednesday, Peninsula Pacific Entertainment (P2E) and the Linn County Gaming Association (LCGA) announced their intent to jointly apply for a gaming license with the Iowa Racing and Gaming Commission (IRGC).
Last year, the Cedar Rapids City Council approved an option-to-purchase agreement for an upcoming casino that will be built located along the west side of the Cedar River between Kingston Village and Time Check Park. Under that agreement, P2E would pay $165,000 to purchase the property where it will build ‘Cedar Crossing’ – a gaming, live performance, and cultural arts complex.
“The time is now for Cedar Crossing,” said P2E Board Member Jonathan Swain. “Linn County residents have overwhelmingly passed two gaming referendums and they have been patient. With the moratorium expiring soon, we look forward to bringing an unprecedented casino gaming and entertainment destination to Cedar Rapids.”
Linn County voters approved the option to build a casino in November 2021 after the state commission rejected proposals for a casino in Linn County in 2014 and 2017. However, the Iowa Senate passed legislation in 2022 that would not allow new casinos to be licensed by the state until July 2024.
“Linn County residents support casino gambling in Linn County,” Linn County Board of Supervisors Chair Kirsten Running-Marquardt said. “This investment in our community would increase opportunity for our local economy in several ways, including job creation, tourism and providing unmatched entertainment options. Like other Iowa counties, we are looking for a fair chance for the people of Linn County to receive these benefits for our community.”
According to P2E, ‘Cedar Crossing’ would contribute 8% of its annual gaming revenue to local nonprofits, even though the state mandates that casinos donate only 3%.
The next IRGC meeting is July 8 at Prairie Meadows in Altoona.
Copyright 2024 KCRG. All rights reserved.

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