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A Major Convention Hotel Project

Posted May 13th, 2014 @ 10:49am by Tom Noller

A $130 million convention hotel proposed for downtown Des Moines is in the running for funding through a new tax program.

In addition to a 16 story, 450 room convention hotel, the plan includes a proposed Hy-Vee store at 420 Court Avenue, renovations at the Hotel Randolph and improvements to the parking ramp at Fifth Avenue and Park Street, which is the proposed site of the new hotel.

The tax program, approved last year, allows future hotel and motel sales tax money to go toward reinvestment district projects.

The Iowa Economic Development Authority released scores, Monday, for applications submitted.
Among others in the state, the Des Moines project scored high enough to move to the next step, which is a presentation Thursday to the Authority's board.  

Des Moines is seeking $36.5 million from the program.

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