What's next for River City Renaissance?

After agreement termination, city council staying positive about moving forward with project

Posted: Oct 24, 2018 9:01 PM
Updated: Oct 25, 2018 6:31 AM

MASON CITY, Iowa - One day after the Mason City city council decided to terminate an agreement with a developer for the River City Renaissance Project, they're looking ahead.

The project, which was announced in 2014, would change the face of Downtown Mason City by adding a hotel, a multi-purpose arena, and more.

Councilmember John Jaszewski was not on the council at the time of the project's announcement, but followed the developments closely.

He says that when the time comes to open up the bidding process again, all potential candidates must meet certain criteria, and G8 could apply again.

"They'll have to have a certain amount of financing to make all the modifications that need to be met. Either they have the money, which isn't likely, or they can get it through a bank or some sort of investment house. And then be able to document all of that so that the state is satisfied that it's what it says it is."

But whoever the city decides to go with, he wants to keep the momentum for the project going.

"We need to do something. I talked to a lot of people that agree that we need to do something - not everybody agrees on what we should do, but they say we should do something to fill... because right now, it's just a big hole in the middle of your town."

The city will need to make some quick decisions, as the $9.2 million provided by the Iowa Economic Development Authority will expire on December 31st of this year unless the plan starts moving forward. However, City Administrator Aaron Burnett says that the IEDA is willing to work with the city on that deadline if necessary.

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