(Radio Iowa)- Developers of a casino proposed for Cedar Rapids are making their presentation to state regulators today Thursday). The presentation was streamed by K-C-R-G T-V, and Suzanne Leckert, a consultant with Convergence Strategy Group says cellphone tracking data shows a need for a new casino.

Peninsula Pacific Entertainment is proposing spend 275 million dollars to develop a casino called Cedar Crossings on the river in Cedar Rapids. Leckert talked about the economic impact of the casino.

She told the Racing and Gaming Commission the new casino would generate 80 million new gaming dollars, and more taxes for the state.

Cedar Rapids has been denied a gambling license in the past after studies showed a casino there would take money from existing casinos. Leckert says their study shows that impact has been overstated at other casinos in the state and they believe that is the case here as well.

The I-R-G-C has hired firms to conduct its own market study of the gambling industry it will use in deciding on a license for Cedar Rapids. Regulators will visit the proposed Cedar Rapids site on November 20th review the proposal and make public comments. The I-R-G-C expects to make a decision on a gaming license at its meeting in February.