Pretty sure the dico site clean up is done already, or paid for already at least. Maybe I'm wrong.
Pro Iowa Soccer - Krause Development
- Thread starter cyfan92
- Start date
My understanding is it is capped but not cleaned up. Like it isn’t going to affect anything as is but it isn’t developable without additional extensive work.
Good news, I figured this was pretty much dead.
Wonder how long Krause will string this along, I'm sure he's trying to get as much public money as possible but dang you just sold Kum & Go for a billion or two...
Wonder how long Krause will string this along, I'm sure he's trying to get as much public money as possible but dang you just sold Kum & Go for a billion or two...
I wasnt sure if they would keep going for it since they sold the Kum and Go portion of business. I am not sure what other things Krause does.
He still owns or runs the Krause+ development company in Des Moines which is what will develop the stadium. In the past they said they planned $500+ million in development around Des Moines, including the stadium, but not much has been done with that as far as I know. He also owns Parma FC in Italy in Serie A (highest level in Italy) and a winery there too.
New goal for stadium is 2027. Bunch of other details, stadium and wider, here. A women’s pro team is also proposed (no other details). Application reiterates $20M gap so I’ll hold off on season tickets yet.
https://www.desmoinesregister.com/story ... 886962007/
https://www.desmoinesregister.com/story ... 886962007/
I'm usually not a proponent of public dollars for sports stadiums, but I can be sold on the idea if the developer commits (legally) to a certain amount of other development, like mixed-use development, affordable housing, recreational amenities people can use every day, and things of that nature.
Krause lost 110 million euros the first 2 years of owning Parma FC, but they did get promoted back to Serie A so he might make it back if they stay up for several years.
After 110 million euro loss, Kum & Go owners continue investing in Italian soccer team
'We just can’t understand how an entrepreneur can literally burn so much money,' one resident of Parma, Italy, wrote to the Des Moines Register.
sixerswire.usatoday.com
Won't they most likely get incentives from the city for all of these other projects as well? I'm not totally against the idea of some public dollars but I'll be pissed when he calls it the Iowa Hawks Soccer Club and makes the club colors black and gold. Pretty sure he's an Iowa donor, he went there at least.
Rumor is Kyle was taking profits from K&G without funneling the cash through the proper waterfalls and sold before issues came up... This was done without blessing from the family, but used his legal power to make it happen.
It's no secret that Kyle's "other endeavors" pissed off several K&G family members and key decision makers...
Sounds like they got a good price though, and right before interest rates went crazy that would have dropped the valuation, especially on sale-leaseback transactions for new stores.
It's no secret that Kyle's "other endeavors" pissed off several K&G family members and key decision makers...
Sounds like they got a good price though, and right before interest rates went crazy that would have dropped the valuation, especially on sale-leaseback transactions for new stores.
Des Moines soccer stadium, plaza officially awarded $23 million in state funds
"I couldn't be more pleased that we're to this point today," Iowa Economic Development Director Debi Durham said. "It's great news."
www.desmoinesregister.com
Des Moines soccer stadium, plaza officially awarded $23 million in state funds
"I couldn't be more pleased that we're to this point today," Iowa Economic Development Director Debi Durham said. "It's great news."www.desmoinesregister.com
Guessing that pays for all the roads and sewers to be updated. If that is the case, I am ok with that.
Come to Iowa where we hand millions to people who don’t need it while taking money away from those who do.
The USL has announced that they will be instituting promotion and relegation within a few years.
I think this is great. Promotion and relegation can be fun, and this is a much lower risk way to do it than to try and start it with the MLS.
I think this is great. Promotion and relegation can be fun, and this is a much lower risk way to do it than to try and start it with the MLS.
That is changing, not giving funds to the 4 largest counties by population. Legislator stated their efforts haven’t been going to rural counties. Maybe there might be other reasons for this, like laws passed by the legislature.
