Will arena for Buccaneers get built at Merle Hay Mall? businessrecord.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessrecord.com Daily Mail and Mail on Sunday newspapers.
Officials from the city of Des Moines, Urbandale and Polk County say they will withdraw more than $26 million in funding for the project if an arena agreement is not reached by the end of the year.
From department store to multiuse arena
How an email set in motion a proposal to transform empty department store space into an arena for hockey, concerts and other uses Friday, December 18, 2020 6:00 AM Next step: Applying for state money Before the proposed 3,500-seat multipurpose arena at Merle Hay Mall can move forward, the project needs financing, part of which backers hope comes from the Iowa Reinvestment Act.
The program, overseen by Iowa Economic Development, allows cities to create special districts where money from sales and hotel-motel taxes can be set aside to help pay for projects that spur economic development.
In place since 2013, the reinvestment act has provided key financing to several high-profile Iowa projects, including the $101 million convention hotel in downtown Des Moines. That hotel received $36 million from the act, the largest amount provided for any project. A Mason City project that included converting em
From department store to multiuse arena
How an email set in motion a proposal to transform empty department store space into an arena for hockey, concerts and other uses Friday, December 18, 2020 6:00 AM Next step: Applying for state money Before the proposed 3,500-seat multipurpose arena at Merle Hay Mall can move forward, the project needs financing, part of which backers hope comes from the Iowa Reinvestment Act.
The program, overseen by Iowa Economic Development, allows cities to create special districts where money from sales and hotel-motel taxes can be set aside to help pay for projects that spur economic development.
In place since 2013, the reinvestment act has provided key financing to several high-profile Iowa projects, including the $101 million convention hotel in downtown Des Moines. That hotel received $36 million from the act, the largest amount provided for any project. A Mason City project that included converting em