Comment on Cedar Rapids seeks $39.5 million in state aid for ‘transformational’ downtown projects

Cedar Rapids seeks $39.5 million in state aid for ‘transformational’ downtown projects

CEDAR RAPIDS — The city is requesting $39.5 million in state funds to support “transformational development” projects downtown that, if approved, could give much-needed fuel to multimillion-dollar developments that have struggled to get off the ground.Several Iowa cities have pitched 10 proposals to the Iowa Economic Development Authority in hopes of tapping into $100 million the state will award to back developments through its Reinvestment District program.

 

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