What's next for River City Renaissance Project?

If everything goes as planned, construction on the project will start in the spring of 2017.

Posted: Nov 9, 2017 6:12 AM
Updated: Nov 9, 2017 9:48 AM

MASON CITY, Iowa- Those with the Cerro Gordo County Auditor's Office attribute the record-breaking number of early voters as well as high voter turnout on Election Day to the two bond issues related to the River City Renaissance Project.

The measures that refered to the city having a leasing agreement with the owners of Southbridge Mall as well as using Urban Renewal Bonds garnered overwhelming community support, but there is a lot that still needs to happen before the developers can break ground.

The Mason City City Council voted to hold the public hearing date for the development agreement between the city and Gatehouse Capital for November 21st.

If the council approves this item, the project will then have to be on the Dec. 15 consent agenda for the Iowa Economic Development Authority. That is where the state will deciede how much money the city will be awarded for the project.

Elected officials say the developers do plan on working on pre-construction projects such as getting the funding in place as well as more surveys of the property.

If everything goes as planned, construction on the project will start in the spring of 2017.

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