Isle Of Capri Casinos (ISLE) Continue To Gain Support
Following the City Councils lead, the “Old Town Cape” downtown development organization announced on Friday that they would also back Isle of Capri Casinos (ISLE: 4.92 -4.09%) in their attempt to win a Missouri gaming license in Cape Girardeau.
The organization had conducted months of research to determine if the casino proposal should be included in its efforts to restore the downtown district.
Friday afternoon statement of support read, “We believe this demonstrated commitment to enhancing the economic vitality and historic character of existing downtown districts will make Isle of Capri a valued partner in downtown revitalization.”
“We tried to look at it outside the issue of gaming and look at the overall potential of what the development would bring to downtown” added Marla Mills, executive director of Old Town Cape.
Mills said those benefits include approximately 450 jobs, capital investment on an unused site, and the addition of destination attractions and dining offerings.
Isle of Capri Casinos turned in their application for the $125 million casino to Missouri regulators on Wednesday.
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