The Riverboat Development Authority (RDA) was founded in 1989 for the purpose of becoming the qualified sponsoring organization for a riverboat casino in Davenport, Iowa. Iowa law requires that the gambling license be held by a non-profit organization.
In 1991 RDA received a gambling license in partnership with the President Riverboat Casino, which operated in Davenport until October of 2000. At that time, the casino was sold and is currently operating as the Rhythm City Casino. RDA approved the use of their license and the Rhythm City and RDA received a license from the Iowa Racing and Gaming Commission at that time.
RDA has 15 volunteers from all parts of Scott County and a full time Executive Officer, the President, Randall B Rathje. The RDA operates somewhat the same as a community foundation, with the exception that it has a single income source – the Rhythm City Casino. Grants are made from current income and the amount of money available for grants is tied to the casino gaming receipts.
The Board of Directors of the Riverboat Development Authority (RDA) met November 23, 2015 to approve and award 49 grants to non-profit community organizations, totaling $854,003.00. This brings the grand total of dollars awarded to $59,513,128.00 since 1991.