The three Cedar Rapids casino proposals in brief — and their projected financial impacts

CEDAR RAPIDS — Three casinos proposed for downtown Cedar Rapids say they each would create scores of jobs and pump millions into local and state coffers. Iowa's Racing and Gaming Commissions is set to decide Thursday on the fate of the proposals.

The Gazette will stream this decision live on Facebook on Thursday starting at 8:30 a.m.

Here is a summary of all three proposals, along with the financial impacts outlined in their proposals:

WILD ROSE CEDAR RAPIDS

THE PROPOSAL: A $40 million casino with 600 to 700 slot machines and 15 to 20 table games, but no additional amenities such as dining or a bar, and a projected $42 million in annual revenue. It would employ 200 to 225 people. The casino would be on the second floor of a four-story mixed-use structure with a skywalk, kitty-corner to the DoubleTree along First Avenue and the Fourth Street SE rail corridor.

THE IMPACT: Wild Rose would create 225 jobs and over the first five years pay $84 million in taxes and fees to the state and another $2.4 million split between the county and the state. The Linn County Gaming Development Association, the nonprofit license holder, would receive 4 percent of adjusted gross receipts, translating to more than $10 million over the first five years.

CEDAR CROSSING CENTRAL

THE PROPOSAL: A $105 million investment with 550 slot machines and 15 table games, dining and beverage service and annual revenue of $63 million, The facility would replace the Five Seasons Parking Ramp with new parking, gaming floor and a landing hovering above the railroad tracks to the DoubleTree and U.S. Cellular Center between First Avenue E, A Avenue NE and Fifth Street NE. The plan estimates 231 permanent jobs and 601 short-term jobs during construction.

THE IMPACT: It would create 231 permanent jobs and over the first five years pay $93 million in taxes and fees to the state and another $4.5 million split between the county and the state. The Linn County Gaming Association, the nonprofit license holder, would receive 3.5 to 5 percent of adjusted gross receipts, translating potentially to more than $11 million to distribute to local charities over the first five years.

CEDAR CROSSING ON THE RIVER

THE PROPOSAL: A $165 million complex with 840 slot machines and 22 table games, multiple restaurants, a bar, a retail area and entertainment space. The site is along First Avenue W and First Street SW on 8 acres of vacant city-owned land. The plan calls for 355 permanent jobs, 1,283 short-term construction jobs and annual revenue of $83.8 million. This concept is nearly identical to what was rejected in 2014, including incorporating a portion of the flood control system.

THE IMPACT: It would create 355 jobs and over the first five years pay $116.3 million in taxes and fees to the state and another $8.8 million split between the county and the state. The Linn County Gaming Association would receive 3 to 5 percent of adjusted gross receipts, translating potentially to more than $18 million to distribute to local charities over the first five years.