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StumbleCity officials sign lease with Wild Rose Entertainment
Thursday, Feb. 17, 2005 | 9:21 a.m.
OTTUMWA, Iowa -- The city council and the Wapello County Board of Supervisors have reached an agreement with Wild Rose Entertainment to bring a casino to Ottumwa.
Under the 30-year lease agreement, Wild Rose Entertainment will pay 200 percent of any improvements needed in the city and county for the casino, up to $10 million.
Plans for the $24 million project include a 90-room hotel and restaurant. It would employ 400 people and generate about $39 million in revenue for the city and county, officials said.
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