The Iowa Economic Development Authority has approved $9.5 million from the Iowa Reinvestment Act for the Market District, giving the planned mixed-use development a boost to help move it closer to the finish line.
In approving the funds, the IEDA board today also expanded the city of Des Moines’ existing Capital City Reinvestment District by 43 acres to include the Market District, a former industrial site east of the Des Moines River and south of the East Village, bordered by East Walnut Street, East 14th Street and Scott Avenue.
The area, bisected by railroad tracks that run east and west, previously was home to a recycling center, scrap metal yard, body shops, the city’s public works yards and a MidAmerican Energy facility…