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Iowa City To Spend Nearly $5 Million To Buy 12 Acres Near Airport

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    April 3, 2014 | 10:50 am
    IOWA CITY, Iowa (AP) Leaders in Iowa City plan to pony up as much as $400,000 an acre for cropland near the city's airport to keep it from being developed.

    The Iowa City Press-Citizen reports that the city received a $4.8 million federal grant to buy 12 acres of land to ensure future development doesn't restrict the approach path to the airport.

    The cropland is currently assessed at about $31,000, but officials note that the purchase price would be much higher. That's because it sits between two highly-valued commercial properties, and would likely be developed for commercial use.

    The proposal to buy the 12 acres is expected to go before the Iowa City Council next month.