Monday, August 28, 2006

As reported by the Iowa Times-Republican: "The City of Tama is making a run
at putting a casino riverboat on its recently acquired Cherry Lake near
downtown. "The Tama City Council on Monday approved an agreement with
Signature Management Group to negotiate and develop a casino project after a
representative presented them with a strategic plan to compete for a gaming
license. "Petitions circulating recently had amassed 1,031 signatures by
Thursday in favor of asking voters whether to legalize gambling during this
November's general election. ".Mayor Chris Bearden said he approached SMG in
May about looking at Tama as a possible site for a future casino after
Caraustar Industries donated the 40-acre Cherry Lake and surrounding land
next to their Tama Paperboard mill."

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