FROM THE WATERLOO CEDAR FALLS COURIER: Waterloo City Council members voted 6-0 Monday to amend the original development agreement for the project by raising the city’s general obligation bond award from $12.75 million to $20.75 million.
The partnership between the city, the TechWorks Campus, and private investor Financial District Partners will create a new 180-room Courtyard by Marriott hotel and restaurant, conference and training center in the vacant Tech 2 building while helping build out the advanced manufacturing center in the Tech 1 building.
This week’s council action solidifies the $55 million financing package and is expected to allow construction to start this fall. Read the full article here.
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