Waterloo advances redevelopment in Downtown

Posted by on May 18, 2020 in News | 0 comments

Waterloo advances redevelopment in Downtown

WATERLOO, IOWA —The City is continuing to implement its long-range vision for downtown redevelopment and revitalization, lining up environmental assessments for several older industrial sites including a site located within a qualified Opportunity Zone. Environmental assessments are also planned for recently acquired lots adjacent to the Cedar Valley TechWorks, helping advance the redevelopment plan created for that area by Vandewalle & Associates.

According to The New Waterloo, “Waterloo has a long history of returning former brownfields properties back to productive re-uses that benefit the entire community. Recent examples include the conversion of a vacant machinery manufacturer into a $7.4 million Public Works Department facility, the $4 million rehabilitation of a former Wonder Bread bakery into a brewery, the construction of a $7 million riverfront condominium project in a historically light industrial neighborhood, and the siting of a $27.5 million city-owned recreation center on several former auto-oriented businesses and vacant structures impacted by significant flooding in 2008.” 

 

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