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Washington Evening Journal
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Washington, IA 52353
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Iowa City to pay nearly $5 million for 12 acres
IOWA CITY (AP) ? Leaders in Iowa City plan to pony up as much as $400,000 an acre for cropland near the city?s airport to keep it from being developed.
The Iowa City Press-Citizen reports that the city received a $4.8 million federal grant to buy 12 acres of land to ensure future development doesn?t restrict the approach path to the airport.
The cropland is currently assessed at about $31,000, but officials note ...
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Sep. 30, 2018 8:13 pm
IOWA CITY (AP) ? Leaders in Iowa City plan to pony up as much as $400,000 an acre for cropland near the city?s airport to keep it from being developed.
The Iowa City Press-Citizen reports that the city received a $4.8 million federal grant to buy 12 acres of land to ensure future development doesn?t restrict the approach path to the airport.
The cropland is currently assessed at about $31,000, but officials note that the purchase price would be much higher. That?s because it sits between two highly-valued commercial properties, and would likely be developed for commercial use.
The proposal to buy the 12 acres is expected to go before the Iowa City Council next month.
