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Sioux City Council OKs Bonds for Casino Project
Updated: Monday, June 3 2013, 08:29 PM CDT
SIOUX CITY, Iowa (AP) -- The Sioux City Council has voted to authorize the sale of $22.3 million in bonds as part of a planned $120 million Hard Rock Hotel and Casino.
The council on Monday voted three to one to authorize the bonds. Council member Keith Radig voted no and Mayor Bob Scott abstained because he says some believe he and his family would benefit from the project. The mayor denies that charge.
The bonds will help pay for parking, utilities and other infrastructure as part of the planned gambling and entertainment center.
The bonds would be paid off over 20 years by future property taxes from the construction.
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