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State board approves development projects in Ames, Cedar Rapids, DSM, Fort Dodge, Newton

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June 25th, 2021 by Ric Hanson

(Radio Iowa) – The Iowa Economic Development Board has approved provisional funding from new hotel/motel and sales tax revenues for six Reinvestment Districts. The City of Ames has approval to spend 10 million dollars on a proposed downtown district that includes an indoor aquatics center and a new full-service hotel.

Cedar Rapids received nine million dollars for developing residential and hotel spaces AND entertainment venues. Des Moines received more than 26 million dollars for a project that involves building a hockey arena in a shopping mall. Des Moines also is getting 23-and-a-half million dollars for projects on a former industrial site, including the Pro Iowa soccer stadium and three hotels.

Fort Dodge received 17 million to redevelop the Crossroads Mall. And Newton was awarded 14 million dollars for the redevelopment of former Maytag buildings.