MRHD to divert new casino revenue toward business developments - KTIV News 4 Sioux City IA: News, Weather and Sports

MRHD looks to divert new casino revenue toward business developments


In anticipation of the new revenue a land-based casino would generate, the non-profit arm that holds Sioux City's gaming license says its looking for more ways to invest those funds in the community.

Monday night, at its annual board meeting, Missouri River Historical Development decided to start an economic development committee.

Right now, the group grants money to non-profits and government groups, like local fire and police.

MRHD hopes the new casino will generate twice as much grant money as the Argosy.  They're looking into the possibility of putting some of that money toward new business projects.

"We could make a difference, if we could create jobs and retain jobs, then we can have a good trained workforce, everybody wins," explained MRHD President Mark Monson.

Later this month, MRHD will begin accepting applications for its current grant program. Two-hundreds-fifty-thousand dollars will be distributed in April.

That same month MRHD will find out if it gets to keep Sioux City's gaming license.  Two other organizations are also bidding for the next casino project.

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