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Cedar Crossing Decision Today
Cedar Rapids, IA (CBS 2/FOX 28) - This may be one of the biggest economic decisions for Cedar Rapids since they built the Five Seasons center or interstate 380.
Were talking ab out nearly $150 million in investments.
If the Cedar Crossing Casino is built it is expected to be a catalyst for shops, restaurants, bars and condos nearby.
It would also mean hundreds of construction jobs - and full time jobs at the casino.
Cedar Rapids mayor Ron Corbett says the city and developers have laid all their cards on the table and they're proud of the casino plan.
We hope that when they look at everything in balance, you know we're Iowas second largest city, what this can do for Westside redevelopment, how it helps us with flood protection. We have a great package and certainly I would be disappointed if they turned us down tomorrow." He said.
The two big questions for the racing and gaming commission are how much would the casino help Cedar Rapids and how much would it hurt other casinos.
As soon as the commissioners make their decision, we'll let you know. Were streaming the meeting live online and be sure to follow us on Facebook, Twitter and sign up for our text alerts.
The meeting starts at 8:30 this morning.
All this work that has been done, hinges on five people making a decision this morning.
Over the last three years, there have been a lot of people behind the scenes, and at the forefront of this venture.
Here is a look back at some of those events that led up to this meeting.
Three years ago, developers started lining up investors for the concept that would become the $164 million plan.
In March of last year the community upped the ante when nearly 62% of residents voted in support of the project; followed by a meeting to announce the name, "Cedar Crossing."
2014 kicked off with a presentation by Steve Gray, the project's lead investor.
Just last month came a bit of a set-back, when two reports said a casino here would take revenue away from others in the state.
Still, investors pushed forward to the final step, just two weeks ago, the Commission came to the proposed casino site to check out the area.
Now, it all boils down to the two sides: the critics of the project, who believe a casino will invite in an unsavory crowd and take money away from surrounding casinos, and the supporters, who believe it will be an invaluable asset to the community.