Details of Penn National Gaming's Downtown Proposal - News, Weather and Sports for Sioux City, IA: KCAU-TV.com

Details of Penn National Gaming's Downtown Proposal

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  • $160 Million Investment
  • Downtown Location: 700-800 Block of Gordon Drive, between Nebraska & Virginia Streets
  • 100,000 square feet
  • 500 seat multi-purpose concert venue for live entertainment
  • 800 car garage plus 300 space surface parking
  • 750 slots, 20 table games & 5 poker tables
  • Phase 2: 150 room hotel
  • Restaurants:

    • Fine-Dining Steakhouse
    • Casual Grille
    • Sports Bar and Pub
    • Casino Bar

    Annual Revenue projections for Hollywood Casino, Sioux City

    • $85 million in net gaming revenue
    • $21 million in gaming taxes for the State
    • $3.5 million to Greater Siouxland Improvement Association in year one
    • Additional taxes: $1.2 million (income, employer, sales, etc.)
    • 434 jobs at the new facility
    • Full benefits package (401k, tuition reimbursement, paid vacation, health, dental and vision)
    • $9 million Annual tourism & indirect economic impact to Siouxland
    • Total economic impact to state and local economies: $37 million in year one

    10 acre parcel of land is under Penn control - no additional land acquisitions or eminent domain necessary. Project is fully financed.

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