Davenport leaders continued to hammer out the details for a new, land-based casino Wednesday night.
At Wednesday’s Committee of the Whole meeting, the Finance Committee moved forward an agreement that would transfer the leases for Rhythm City Casino from the Isle of Capri to developer Dan Kehl and his Scott County Casino, LLC.
The agreement also wraps up all other relations and responsibilities between the Isle and the City. The City will be paid a one-time fee of $380,000 if the full Council votes to pass the agreement next Wednesday.
The City and Kehl still need to reach an agreement over how much money Davenport and some of the city’s non-profits will receive from the casino. The City’s portion of the revenue was cut when Kehl signed an operator’s agreement with the RDA.
“We’re getting there. There’s still some hoops to go through yet. We’ve got to talk to Mr. Kehl about some money issues, and I’m sure that will get done before the end of the year,” said Davenport Mayor Bill Gluba.
The agreement is also contingent upon a deal being reached between Kehl and the Isle of Capri for the purchase of Rhythm City. Kehl has until October 25th to finalize the purchase.