In Cedar City, the city government council is proposing to buy a part of the parcel of land owned by the group of casino investors. According to the council, the property's total cost is about 2.05 million dollars wherein the casino fun and excitement ambience will be brought to the city. This property contains 4 parcels which actually came from 2 owners, way back in 2013. Based on the city councils' proposal, they are willing to pay at least 20 percent of the total cost of the casino property or 415,000 dollars.

The reason behind its purchase proposal

Mayor Ron Corbett told the press that purchasing at least a portion of the casino's property will allow the city to control the entire casino site. In addition to that, Corbett also said that they will continue to support the good intentions of the casino group investors because it gives advantage to the city as well. He also added that once this casino business is successful and obtained good reputation in the city, they will definitely sell back the bought parcel of land of casino property.

The potential results of bringing up the casino in the city

Many speculations came out that putting up a casino business in Cedar City will give them a lot of opportunity and potential results as well. It will helps the city to increase its tourism rate since casino is one of the most popular past-times of many individuals who usually travels with pleasure. Not only that, it also gives the city the increase of revenues. Hence, the city will actually earn a lot of profit from it when it comes to collecting city taxes.

The drawbacks

There were also rumors that having the casino business in the city will also draw fallbacks. One of the most feared situations is that most of the properties to be sold will be conveyed up in a total package in the market instead of selling it off in smaller parcel of lands. However, the city still insisted that there is nothing to be worry about as they will still be offering fair market value regardless of the size of the property that are going to be sold.

The city's final verdict

As a final conclusion of their negotiation, the rest of the casino's property is already owned by the city government of Cedar paying the amount of purchased proposal. In fact, the city also agreed to sell 7.5 acres of vacant lot to the casino group of investors.

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