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Des Moines expected to take control of former Dico site this week


Des Moines expected to take control of former Dico site this week
How the site is redeveloped depends on whether state incentives are provided
Monday, May 24, 2021 10:59 AM
The former Dico Inc. property sits south of West Martin Luther King Jr. Parkway. Photo by Duane Tinkey
Later this week, the city of Des Moines is expected to take possession of a 43-acre site on the southwest edge of downtown that for years has been an embarrassing eyesore.
The former Dico Inc. property at 200 S.W. 16th St. is expected to be transferred to the city of Des Moines on Thursday. The contaminated site has been unused for more than 25 years as the property’s owners fought the federal government over cleanup costs and other issues. ....

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State board expected to decide in June which projects receive $100 million in incentives


State board expected to decide in June which projects receive $100 million in incentives
Monday, May 24, 2021 11:01 AM
The Iowa Economic Development Authority board is expected to decide at its June 18 meeting what projects will receive funding through the state’s Iowa Reinvestment Act program, according to a board spokesperson.
Board members in late April heard pitches from supporters of six redevelopment proposals competing to use state tax revenue to pay for part of the projects.
Backers of projects located in Des Moines, Urbandale/Des Moines, Cedar Rapids, Ames, Newton and Fort Dodge requested a total of $151.6 million in new tax revenue from the state. However, just $100 million is available. ....

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