Soccer stadium project awarded $5M Destination Iowa grant

The Iowa Economic Development Authority board voted today to award a $5 million Destination Iowa grant to the Iowa Soccer Development Foundation (ISDF) and the proposed Pro Iowa Soccer Stadium and Global Plaza project.

The award follows IEDA’s approval in October of $23.5 million from the Iowa Reinvestment Act for the project that will transform the former Dico Inc. site into a mixed-use and entertainment district.

The multiuse 6,300-seat stadium will sit on the 38-acre Superfund site south of Martin Luther King Jr. Parkway and east of Fleur Drive. The ISDF will own the facility, while a separate entity will operate the stadium. The IEDA award will be issued to the city of Des Moines with any bonding that may be needed being done by the foundation…

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