City leaders sign off on Argosy agreement - KTIV News 4 Sioux City IA: News, Weather and Sports

City leaders sign off on Argosy agreement


After months of negotiations, the city of Sioux City has signed a lease extension with the Argosy Casino.

The 12-month extension keeps the rent the same, and allows the riverboat casino to dock on city property.

In return, the city collects 3-percent of the facility's gaming revenue.

Penn then has the option to extend the lease for an additional 18-months, but, they would have to pay an addition $7,500 a month in rent.

The agreement releases both the city and Penn National Gaming from legal liability for past conduct.




Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KTIV Television Inc. All Rights Reserved.
For more information on this site, please read our Privacy Policy, Terms of Service and Mobile Privacy Policy & Terms of Service.

Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Administrative Assistant Kathy Clayton at (712) 239-4100 x209. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at