The National Cattle Congress survived to see its 90th birthday - with some bruises along the way. A second reorganization plan for the National Cattle Congress, approved last month by U.S. Bankruptcy Judge Paul Kilburg, leaves intact mortgage liens on NCC property held by the Meskwaki, who came up with $9.1 million in casino revenues to bail the Cattle Congress out of its first Chapter 11 proceeding in 1996. The exposition Sept. 14-17 has been in Chapter 11 bankruptcy reorganization for six of the past seven years. The National Cattle Congress filed for reorganization in December 1993, pinning its hopes on voter approval of a referendum to add slot machines at Waterloo Greyhound Park. After voters rejected the idea, NCC struck an agreement with the community for enough to pay NCC's debts. But it provided little additional operating revenues to finance the dog track or other ventures. When the Racing and Gaming Commission pulled NCC's pari-mutuel license in 1996, it cut off more than $1 million a year in revenues from so-called "simulcast" races, NCC's principal source of revenue. The National Dairy Cattle Congress, featuring livestock judging and displays of farm equipment, was first held in Waterloo at Chautauqua Park in 1910.
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