By: Hollie Hojek email@example.com Kaitlyn Bourn is spending her Memorial Day Weekend making a splash at AquaVenutre water park in Norfolk, Nebraska. "You just play around here, you play in the waterMore>>
AquaVenture Water Park Opens Up in Norfolk, Nebraska. More>>
By: Hollie Hojek firstname.lastname@example.org For the 3rd Memorial Day Weekend in a row, the Girls of '68 celebrated and shared part of Sioux City's rich history. The local organization dedicated to keeping SiouxMore>>
Girls of '68 Share Story of Sioux City's First White Settler, Theodiphile Bruguier. More>>
By: Diana Johnsen email@example.com On Saturday, at Wal-Mart and the Southern Hills Mall in Sioux City, the Sioux City Police Department helped parents create "children identification kits". TheMore>>
On Saturday, at Wal-Mart and the Southern Hills Mall in Sioux City, the Sioux City Police Department helped parents create "children identification kits". More>>
By: Diana Johnsen firstname.lastname@example.org On your mark…get set...paddle! About 130 kayakers took to the Missouri River in the "3rd Annual South Dakota Kayak Challenge" on Saturday. "It's an opportunityMore>>
About 130 kayakers took to the Missouri River in the "3rd Annual South Dakota Kayak Challenge" on Saturday.More>>
By: Hollie Hojek email@example.com Rain, rain go away, come back and other weekend but this one. The rain in the forecast isn't ruining everyone's plan, but it is keeping some campers away. The sunMore>>
Siouxland Campgrounds Still Packing in the People Despite Poor Weekend WeatherMore>>
By: Tim Seaman firstname.lastname@example.org On Thursday, a pretty cool relay put on by law enforcement officers from across the state ran through central Iowa for the Special Olympics Torch Run. The event helpsMore>>
When the torch arrived Sioux City West sophomore JJ Reeg–Beckner had the honor of igniting the Special Olympic cauldron. Reeg-Beckner was selected from more than 2,500 athletes to finish the run.More>>
By: Channel 9 Eyewitness News (AP) About 110,300 South Dakotans are expected to travel over the Memorial Day holiday weekend, a slight decline from last year. AAA says that mirrors an expected dropMore>>
About 110,300 South Dakotans are expected to travel over the Memorial Day holiday weekend, a slight decline from last year.More>>
By: Channel 9 Eyewitness News (AP) Nebraska students showed improvement in this year's statewide writing proficiency test. Nebraska Education Commissioner Roger Breed announced Friday that 66 percentMore>>
Nebraska students showed improvement in this year's statewide writing proficiency test.
Nebraska Education Commissioner Roger Breed announced Friday that 66 percent of 8th graders met or exceeded state standards, a 2 percent increase over the previous year.More>>
By Channel 9 Eyewitness News email@example.com Iowa investigators say the discovery of blood of a missing 15-year-old girl has diminished hope of finding her alive. Bill Kietzman of the Iowa DivisionMore>>
15-year old Kathlynn Shepard went missing on Monday.More>>
By: Scott Larson firstname.lastname@example.org How comfortable do you feel strolling the streets in Sioux City? That's a question that the Blue Zones Project is asking. And today they brought in an expert toMore>>
Walkable and Livable Communities Institute's Dan Burden assists Sioux City & Blue Zones Project with working out more pedestrian friendly roads.More>>
Presentations were made Thursday morning to the Iowa Racing an Gaming Commission by the organizations hoping to build a land-based casino in Woodbury County.
Warrior Hotel and Casino was the first to present. The $122.3 million plan would put a casino in the historic Warrior Hotel and Davidson Building in downtown Sioux City. They broke down their funding into segments.
$40 million dollars would come from committed cash, which would come from Ho Chunk, Inc., the Winnebago Tribe and Dougherty Funding, LLC.
They expect another $25 million in tax increment funding (TIF), $58.3 million in debt financing and another $30 million in contingency funding.
That would give Warrior Entertainment a $30 million overhead, depending on if they receive all the financing they are hoping for.
The Hard Rock Casino project carries a price tag of $118 million and would be built on the site of the Battery Building.
The group is being backed with $90 million loan from Summit Partners. They are also hoping to receive around $22 million dollars in TIF funds from the City of Sioux City.
The remaining funding will come from $5-10 million from Iowa Local Equity Offer, $10 million in gaming manufacturing and $6.5 million from Stoney Creek to fund the 60 room hotel.
The Hard Rock Casino's financial plan puts them about $20 million over what they need, assuming they receive all the funding they listed.
Penn National Gaming was the final group to present on their two proposed Hollywood Casinos. A downtown Sioux City facility would be built for $160 million. A Woodbury County casino located near Salix would cost $167 million.
Penn officials didn't go into great detail about the two projects, but instead focused on the companies financial well-being as a whole.
Carl Sottosanti, a lawyer for Penn, pointed out that the company has "$622 million under their revolver" He says they are not asking for any municipal funding or third party financing. In closing Sottosanti said "we can write the check."
The Iowa Racing and Gaming Commission will be given full presentations of each proposed casino in January. A final decision won't come until April of 2013.
Applicants of four Woodbury County land based casino proposals will talk dollars and cents with the Iowa Racing and Gaming Commission Thursday. Firm financial commitments from the applicants will be presented during the commissions 8:30 AM meeting in Johnston.
The Hard Rock Casino carries a $118 million price tag. Developers from Warner Gaming project first year gaming revenue to top $90 million and produce about five and a half million dollars of contributions in non-tax related support to the community. The Hard Rock proposal also lists approximately 500 staffers and includes a 60 room hotel.
The Warrior Casino lists a $122 million price tag and according to a projected $2.2 million in first year non–profit contributions, will produce just more than $75 million in first year gaming revenue. The Ho Chunk Incorporated project estimates 461 employees and a 93 room hotel.
The IRGC has 2 Hollywood Casino proposals to consider. Both were developed by Penn National Gaming. A downtown Sioux City facility would be built for $160 million. A Woodbury County casino located near Salix carries a price tag of about $7 million more. Both expect close to $90 million in revenue in the first year of operation. A rural facility is projected to cash in $4.4 million in first year community support. That's about a million more than it's downtown counterpart. In fact most projections for the rural site out number the downtown proposal including the number of employees. A 150 unit hotel is planned for both casino's but the Sioux City proposal lists it in phase II of the project.
You can watch Thursday's IRGC meeting in Johnston live at KCAUTV.COM beginning at 8:30AM.