DES MOINES – The Vision Iowa Board awarded $778,500 in grants to a year-round public market in Cedar Rapids and a library expansion project in Rippey. The grants were approved last Wednesday by the Vision Iowa Board at their meeting in Des Moines.
“The NewBo Market will renovate an entire city block into a year-round indoor/outdoor public market,” said Vision Iowa Board Chairwoman Cathy Reece. “The children’s play area will provide great outdoor recreation opportunities for the community. Coupled with the ability to purchase fresh, local products, the market will be a great resource for helping Iowa become the healthiest state.”
The following projects were approved for grants awarded from the Community Attraction and Tourism (CAT) Fund:
NewBo City Market – Cedar Rapids
Total Project Cost: $5,482,512
Amount Requested: $1,254,954
Amount Awarded: $750,000
Award Contingencies: Completion of fundraising in 150 days. No CAT grant funds to be utilized for retail space in the market.
This project includes the renovation of an entire city block into a year-round indoor/outdoor public market. Two existing buildings will be renovated into indoor usable space. Other components include a market yard, market square and outdoor play area.
re New Rippey – Rippey
Total Project Cost: $149,700
Amount Requested: $31,000
Amount Awarded: $28,500
Award Contingencies: Completion of fundraising in 90 days. The City of Rippey being added as a party to the contract.
This project includes the expansion of an existing facility into the Rippey Public Library and Community Room.
The Vision Iowa Program provides financial incentives to communities for the construction of recreational, cultural, educational or entertainment facilities that enhance the quality of life in Iowa. Currently, 350 CAT awards have been granted by the board, totaling $132,122,929. The next Vision Iowa Board meeting is scheduled for December 14, 2011, in Des Moines.