The ancient Cooper's Mill property along the Cedar River in downtown's northwest quarter is suggested for a casino, authorities told Iowa's News Now.
The dilapidated hotel will be replaced with a $250 million gambling complex.
The new location will not have a big entertainment complex centred by Backpocket Brewery.
Peninsula Pacific Entertainment CEO Jonathan Swain told The Gazette the Cedar Crossing team's commitment to Cedar Rapids and Linn County "isn't faltering at all"
We look forward to bringing Cedar Crossing's advantages to NGOs, employment, and economic opportunities to fruition. Let's go, whatever happens."
Last week, Iowa's News Now talked with Governor Reynolds about the law. She wouldn't say whether she would sign or veto it, saying her staff is still reviewing it and seeking comments.