Iowa City Moves Foward in Plan to Sell Land for Possible High-Rise
By Gregg Hennigan, Reporter
IOWA CITY, Iowa – Iowa City will start a process it hopes ends with the city selling land to a developer for the construction of a high-rise building on the southern edge of downtown.
The City Council voted 7-0 Tuesday night on a resolution that sets criteria for accepting bids for land it owns along Burlington Street, north of the Court Street Transportation Center. It also says the city will accept an offer of $670,000 for the property, plus another $100,000 for air rights 20 feet over the transportation center, from Hieronymus Square Associates if no other proposals are submitted.
Hieronymus Square Associates, which is made up of local developers, is interested in putting up a high-rise building with commercial, residential and office space at that site and on adjacent property it owns. Other details of the project have not been made public.
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