- Associated Press - Thursday, May 4, 2017

IOWA CITY, Iowa (AP) - Iowa City’s city council has approved an agreement with a developer for a $35 million, 7-story downtown project that will preserve a historic church.

The counciil took the final steps Tuesday night to approve the development agreement with developer Jesse Allen, which includes providing tax increment financing to support the $35.1 million project, the Iowa City Press-Citizen reported (https://icp-c.com/2pC7du0 ).

The development, known as Augusta Place, will be built on a city-owned parking lot north of City Hall and the land around the Universalist Unitarian Church. It’ll include a two-story parking ramp with a terrace, 26 two-story townhomes and nearly 100 apartments.

Proposed plans show there will be six one-bedroom, nearly 70 two-bedroom and nearly 20 three-bedroom apartments. There also will be six affordable housing units, which will be sold to the Iowa City’s Housing Authority.

The city will buy all 60 parking spaces on the first level of the parking ramp for public safety vehicles, and there will be nearly 60 spaces on the second level for residents.

Plans also include upgrades for the City Hall and fire station entrances.

“The project started with Jesse having a vision for saving the church,” said John Thomas said, a council member. “There are lots of ways to look at this project and be pleased with the outcome.”

Mayor Jim Throgmorton said the project was nearly 18 months in the making.

“So many things have been brought together on this, and will be an asset to our city,” Throgmorton said.

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Information from: Iowa City Press-Citizen, https://www.press-citizen.com/


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