[CPEO-BIF] Iowa River Landing, Coralville, Iowa

[Lenny Siegel <lennysiegel@gmail.com>]

State approves tax credits for Iowa River Landing developments
Approvals were for maximum tax credits of nearly $2 million

George Ford
Cedar Rapids Gazette (IA)
August 17, 2012

Four companies redeveloping portions of the 180-acre Iowa River  
Landing complex in Coralville were approved on Friday for maximum tax  
credits of nearly $2 million by the Iowa Economic Development  
Authority Board.
Oliver McMillan, the city-appointed private developer of Iowa River  
Landing, will receive a maximum brownfield tax credit of $434,000 for  
redeveloping property at 950 Ring Rd. The $2.3 million project will  
involve construction of a 13,000-square-foot specialty tenant  
building on the 1.5-acre site.

Under Iowa’s brownfield tax credit program, projects are eligible for  
up to 24 percent of a qualifying investment, which in the case of  
Oliver McMillan’s development was $1,810,000.


...

For the entire article, see
http://thegazette.com/2012/08/17/state-approves-tax-credits-for-iowa- 
river-landing-developments/

--

Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope Street, Mountain View, CA 94041
Voice: 650-961-8918 or 650-969-1545
Fax: 650-961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org

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