DES MOINES, Iowa – The River City Renaissance Project is getting over $9 million from the state.
On Friday, the Iowa Economic Development Authority (IEDA) approved $9,162,600 for the Mason City Downtown Reinvestment District. The money will go toward a new downtown hotel, renovation of The Music Man Square into a conference center and relocating the Meredith Wilson collection to its own museum, a Skyway over South Delaware Avenue, and the repurposing of Southbridge Mall into a sports/entertainment/retail complex.
The IEDA board says this money will require weekly project updates from Mason City to IEDA staff and the board must receive requested documentation by certain deadlines.
Funding was also approved Friday morning for an Archer-Daniels-Midland Company in Clinton and the construction of a new Michael Foods manufacturing facility in Norwalk.
These three projects are expected to create 168 jobs and result in over $280 million in new capital investment.
- State okays $9 million for downtown Mason City development
- Another snag in Mason City's downtown development
- Mason City City Council approves development agreement with G8 Development
- Unexpected development in Mason City administrator search
- Mason City terminates agreement with developer
- Children's museum coming to downtown Mason City
- New life for downtown Mason City hotel
- Developers say downtown Mason City apartment complex would be 133 units, cost $14M
- Will Mason City's Southbridge Mall have a resurgence due to downtown developments?
- Mason City downtown motel that developed into eyesore set to be renovated