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Legal Costs Soar for Sioux City Casino Nonprofit
SIOUX CITY, Iowa (AP) - Documents show that legal costs for Missouri River Historical Development soared last year as the nonprofit group and its former casino partner battled in court over their disintegrated relationship.
The Sioux City Journal reports that the nonprofit group spent $324,769 in legal fees in 2012. That's more than six times the $50,795 reported in 2011. A year before that, the nonprofit's fees were $11,641.
The nonprofit and Argosy Sioux City riverboat casino operator Penn National Gaming Co. have been locked in a legal battle over their contract for more than a year.
Nonprofit president Mark Monson says the rising legal costs will not hamper his group's ability to distribute casino proceeds to charitable causes, as Iowa law spells out.