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City appraiser pegs value of Isle casino property at $55 million; stage set for court hearing on tax issue

on Fri, 10/30/2015 - 02:53   by Editor

An appraiser hired by the city of Bettendorf pegs the value of the Isle of Capri Casino and its two hotels at $55.15 million. The Isle contends the property is worth just $44 million.

Unfortunately for the city, both estimates are far below the current assessed value – $85 million – agreed to by the Isle under terms of the casino/city development agreement signed when the QC Waterfront Convention Center was built.

Isle of Capri seeking to slash Bettendorf property tax bill in half; city to hire appraiser to oppose reduction

on Mon, 06/15/2015 - 22:47   by Editor

The Isle of Capri Bettendorf casino is seeking to slash its property tax assessment in half – to $44 million from its current $85 million – prompting the city to hire a casino real estate appraiser to oppose the reduction.

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