It’s unclear whether Lee County’s support for a proposed sports complex in Fort Madison will lead to any state funding. The project calls for the construction of three football/soccer fields and three softball/baseball diamonds.
The Vision Iowa Board says the county must provide at least $25,000 if the board is to act on Fort Madison’s request for more than $870,000.
The county has created a special community development fund to try to raise the money. $1,500 has already been pledged at this point.
A commonly-used incentive program for downtown development is advancing in Fort Madison.
The city council has approved the second reading of an ordinance that would create a new tax increment financing district.
A portion of the property taxes collected on buildings within a TIF district goes to infrastructure projects. A baseline property value will be developed to determine the amount available for new sidewalks or streets.
Lee County has started collecting money to cover its share of a potential state grant for a proposed sports complex in Fort Madison.
That is possible because the Board of Supervisors has approved the creation of a Community Development Fund.
The first donations came in shortly after the official vote. Supervisors Rick Larkin ($1,000) and Larry Kruse ($500) pulled out their wallets and wrote their checks to back up their verbal pledges from last week.