Iowa City City Council authorizes development change

BY NICK HASSETT | MARCH 06, 2013 5:00 AM

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The Iowa City City Council on Tuesday authorized an amendment to a redevelopment agreement in the Towncrest Urban Renewal Area by a 7-0 vote.

The developer, MDK Development LLC, entered a redevelopment agreement with the city on June 22, 2012, and the original improvement entailed a private redevelopment of one building of 14,850 square feet.

The revised plan includes a time extension for the developer as well as a change in the redevelopment plan, which now includes improvements that consist of two buildings with a total of approximately 14,500 square feet.

There was no change with the amount of financial assistance awarded by the city to the project.

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