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BOARD ACTION: Enhance Iowa Board makes first CAT grant awards

For more information contact:
 
Jessica O'Riley
Iowa Economic Development Authority
515.725.3085
traveliowa@iowaeda.com
 

Enhance Iowa Board makes first CAT grant awards 

November 10, 2016 (Des Moines) – The Enhance Iowa Board awarded $878,616 in Community Attraction and Tourism (CAT) grants to a fine arts center in Forest City, a pedestrian bridge in Nora Springs and a theater renovation project in Audubon. The three awards mark the first awards made by the new Enhance Iowa Board, created in the last legislative session through Senate File 2308. The Enhance Iowa Board approved the grants at yesterday’s meeting in Des Moines.
 
The following projects were approved for grants awarded from the Community Attraction and Tourism (CAT) Fund:

Hanson Family Fine Arts Center, Forest City
Total Project Cost: $9,459,546
Amount Requested: $624,501
Amount Awarded: $624,501
Award Contingencies: Completion of fundraising by December 31, 2016.
Project Description: The new Fine Arts Center will house a 600-seat auditorium, art gallery, catering kitchen, 200-seat banquet hall and accompanying support areas. The facility will be owned by the city of Forest City and managed by Waldorf University.
 
Mill Pond Pedestrian Bridge, Nora Springs
Total Project Cost: $1,431,500
Amount Requested: $192,865
Amount Awarded: $192,865
Award Contingencies: Completion of fundraising within 30 days.
Project Description: This project includes the construction of a 360-foot-long steel truss and concrete bridge spanning the Shell Rock River and connecting Old Mill Pond City Park to Shell Rock City Park. Components include the bridge itself, ramp areas, railings, pier and landscaping.
 
Rose Movie Theater Renovation, Audubon
Total Project Cost: $323,761
Amount Requested: $61,250
Amount Awarded: $61,250
Award Contingencies: Completion of fundraising by December 31, 2016.
Project Description: This project includes renovations to the interior and exterior of a historic theatre in Audubon.  Once completed, the theatre will offer family friendly movies on the weekends.
 
The Enhance 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. To date, three CAT awards have been granted by the board, totaling $878,616.

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Iowa Economic Development Authority
200 East Grand Avenue
Des Moines, Iowa 50309
Phone: 1.515.348.6200
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