Two major projects in Des Moines – an arena for the Des Moines Buccaneers hockey team and a stadium for a USL Championship football team – will compete to claim more than half of a cash reserve of the state used to build transformative quality of life initiatives that benefit Iowa.
Supporters of two other Des Moines metro projects – one in West Des Moines to reinvent Valley West Mall and the other in Johnston for a recreation project that includes what would be the largest indoor athletic field in the Iowa – will also submit nominations for the $ 100 million. Iowa Reinvestment District Act Fund. Neither city has publicly declared how much money it is seeking.
This means that at least four Des Moines metro projects will compete for a limited reserve of money to fund new developments statewide. Other cities can also submit projects; Des Moines staff say they expect to see at least seven more proposals from across the state.
The Iowa Economic Development Authority requests that pre-applications be submitted by Feb. 22 for the fund, which receives hotel / motel revenue and sales taxes in designated districts to benefit from projects that improve …
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