Iowa s response to first year of coronavirus pandemic: herculean vs inept thegazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thegazette.com Daily Mail and Mail on Sunday newspapers.
Other factors like geographic diversity and readiness for development (10 points).
Any project that the committee scores above 70 will go before the Iowa Economic Development Authority board, which will have final say about how to dole out the $100 million. Presentations could happen as early as April, with the Board making funding decisions in May or June, authority spokesperson Staci Hupp Ballard said in an email.
The state created reinvestment districts to funnel tax revenue into expensive projects that developers might not otherwise build. If the state approves a city s application, a designated part of town a building or a couple of blocks will become a special tax district.
A new proposal for the Crossroads Mall site would provide an outdoor recreation and entertainment option that currently doesn’t exist in that part of town.