Radig says "no" to casino incentive package - KTIV News 4 Sioux City IA: News, Weather and Sports

Radig says "no" to casino incentive package

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By Forrest Saunders, Multimedia Journalist - email
© "I just don't agree with bonding $20 to $25 million for a casino. I don't think it's right. I wouldn't do it for any other business, and I don't think we should do it for a casino," said Radig. © "I just don't agree with bonding $20 to $25 million for a casino. I don't think it's right. I wouldn't do it for any other business, and I don't think we should do it for a casino," said Radig.
SIOUX CITY, Iowa (KTIV) -

A city council member voiced his opposition to the city's financial support of a downtown casino in budget talks, Wednesday.

Keith Radig said the city shouldn't be offering a $25 million incentive package in their capital improvement budget. It's city TIF money, which would be handed over to developers to cut their costs.

While Penn National Gaming hasn't asked for city help with their two Hollywood proposals, Sioux City Entertainment's Hard Rock project calls for $22 million in TIF financing, Ho-Chunk Inc.'s Warrior project calls for $25 million.

Radig says giving those projects money doesn't make sense.

"I just don't agree with bonding $20 to $25 million for a casino. I don't think it's right. I wouldn't do it for any other business, and I don't think we should do it for a casino," said Radig.

Radig asked the council to vote on cutting the $25 million from the capital improvement budget. They voted four to one in favor of keeping it.

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