Catfish Bend projects designed to boost usage
It was good news, bad news when the Southeast Iowa Regional Riverboat Commission met Tuesday. The good news is that the projects, underway at the casino for the past year, are nearing completion. The bad news is that first quarter figures are down from last year.
Rob Higgins, Catfish Bend General Manager, said projects for the casino were well underway and should be finished in time for the summer months. According to Higgins, the swim park, which is in the process of being redone, will be completed by Memorial Day.
Also underway are the additions of Panera and the Cold Stone Creamery. These two businesses are located in front of the facility and will be done by the beginning of June.
Higgins also updated the commission on the progress being made on the 69-room Burlington Inn. He said it should be completed by the end of 2017 or early 2018. Higgins said the idea is to attract more people to the casino with the updated water parks and the new facilities.
Looking at the income distributions for the quarter, preparation of the treasurer’s report cost $125, preparation of the federal income tax cost an additional $625, and preparation of the biennial report 2017 cost $50 for a total of $800.
For the previous quarter distributions to SIRRC communities went as follows:
Grow Greater Burlington, Fort Madison SIRRC Corporation and Keokuk Convention and Tourism Bureau are to receive $39,690.22 each. Des Moines and Lee counties were each given $2,480.64. This added up to a total of $124,831.94, leaving a balance of $1,006.05.
The first quarter of 2017 compared to 2016 was down – $343,778 as compared to $344,518. Both years are still above 2015’s $336,660.