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December 1, 2009

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Cost of Dubuque casino expansion climbs $6 million

Monday, Nov. 29, 2004 | 9:05 a.m.

DUBUQUE, Iowa -- The cost to expand the Dubuque Greyhound Park & Casino has increased $6 million since it was approved last year and cost overruns and equipment purchases are threatening to push the cost even higher.

The Dubuque Racing Association Board has authorized $3 million in additional borrowing for the project, currently under construction.

The loan package, which required city council approval, raises the project's debt to $25 million.

When the 45,000-square-foot expansion was first proposed, the cost was $27.7 million, including renovations to the existing casino. That grew to nearly $30 million by May and with the board's approval on Tuesday, increased to $33.6 million.

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