IEDA Denies Ames Linc Redevelopment Plan
- The Iowa Economic Development Authority (IEDA) Board has rejected the city of Ames' application for the Iowa Reinvestment District Act for the Linc redevelopment project.This decision rescinds the...
- The Linc project, a planned $150 million development along Lincoln Way, aimed to revitalize the area between Kellogg and Clark avenues.
- Specifically, the board noted the absence of a hotel feasibility study, insufficient funding details, and a lack of confirmation that retail space would comprise less than 50% of...
The IEDA Board has denied Ames‘ funding request for the Linc redevelopment project, dealing a setback to the ambitious $150 million mixed-use advancement. The rejection of the submission stems from concerns around missing details, especially the absence of a hotel feasibility study adn insufficient funding information. this IEDA decision throws the future of the project,planned along Lincoln Way,into question,impacting the revitalization aims for the area. The city’s vision included a hotel, retail outlets, dining options, and residential units. News Directory 3 breaks down the implications of this setback. Stay informed about the project’s prospects. Discover what’s next …
Ames Linc Redevelopment Project Denied State Funding
Updated June 21, 2025
The Iowa Economic Development Authority (IEDA) Board has rejected the city of Ames’ application for the Iowa Reinvestment District Act for the Linc redevelopment project.This decision rescinds the provisional approval granted in June 2021, casting doubt on the future of the enterprising urban redevelopment.
The Linc project, a planned $150 million development along Lincoln Way, aimed to revitalize the area between Kellogg and Clark avenues. The city acquired over 20 properties for the project, envisioning a mixed-use space with a hotel, shopping, restaurants, and apartments in a later phase. The IEDA board, though, cited several key deficiencies in the application.
Specifically, the board noted the absence of a hotel feasibility study, insufficient funding details, and a lack of confirmation that retail space would comprise less than 50% of the total investment.These issues, despite revisions as the initial 2021 application, proved insurmountable.
Kelly