The Iowa River Power building in Coralville was once a go-to spot for fine dining in the Corridor. Thanks to new ownership, the historic building will be again. The 124-year-old Iowa River Power building was the home of the Iowa River Power restaurant from 1977 to 2024 according to the Corridor Business Journal. But the previous owners, Danise and David Petsel, say that they were forced to close the restaurant when building owner Randy Ward served them with an eviction notice in August of 2023. Enter Old Gold LLC, who purchased the building for $3 million in September.