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On May 17, 1994, Polk County voters approved a referendum allowing the installation of slot machines at Prairie Meadows. On April 1, 1995, the slot machine casino opened at Prairie Meadows, and by the end of 1996, Prairie Meadows was able to pay off the bonds that were issued by the Polk County Board of Supervisors. [2] On December 14, 2004 ...
The casino also appealed in 2019, when the county assessor increased the appraisal of the Prairie Meadows property to about $147 million, up from about $105 million.
So the Polk County Board of Supervisors voted, without holding a countywide referendum, to have taxpayers back the $40 million in bonds issued to build Prairie Meadows. ... Prairie Meadows became ...
Polk County now will contribute $17 million to a planned downtown Des Moines soccer stadium and special events plaza.
Prairie Meadows ultimately rejected the plan. [13] In June 2009, Peninsula agreed to buy the Amelia Belle riverboat casino in Amelia, Louisiana from Columbia Sussex for $106.5 million. [14] The purchase closed in October 2009. [15] In November 2009, the company partnered with a group of local investors in a proposal to build a casino in Fort ...
An early success story was the mid-1990s turnaround of the Prairie Meadows racetrack, in Polk County, Iowa. Prairie Meadows, which opened in 1989 but went bankrupt by 1991, was bought by the county government in 1993. [6] As reported in a January 2003 study for the Massachusetts State Lottery Commission:
Gambling profits from the Prairie Meadows casino in nearby Altoona are expected to pay off the debt. [1] Construction began in early 2002 after Polk County reached a project-labor agreement with local labor unions that guaranteed favorable wages and working conditions in exchange for no work stoppages.
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