Downtown Des MoinesTuesday, November 3
Des Moines sets a Dec. 7 hearing to revive the Krause soccer stadium district
The Daily West Des Moines team
If you've followed the soccer stadium saga, it's back on. The Des Moines City Council set a Dec. 7 public hearing Monday, in a vote without discussion, on selling part of the former DICO site to Krause+, the development arm of Krause Group. The city ended negotiations in August, but Krause has agreed to terms equivalent to those the city offered then, and Mayor Connie Boesen said the terms would reduce city contributions by more than $21 million compared with a year ago.
The stadium deal rides on a much bigger development
- $95 million
- for the proposed pro soccer stadium
- $550 million
- for the commercial district around it
- 50 years
- on the lease the city signed off on in June
Source: The Des Moines Register
Krause says the $550 million development is essential to financing the stadium, which would host USL men's and women's teams. Hometown Soccer Holdings, which had pitched an MLS Next Pro stadium, said it won't submit a proposal for the DICO site.
- Owner: nonprofit Iowa Soccer Development Foundation, for stadium and plaza
- Still needed: final council approval of the agreement
- If approved: design and construction move forward in 2027
The soccer district talks restarted after ending in August
- AugustCity ends negotiations with Krause Group over the stadium district.
- Nov. 2Council sets the public hearing on the land sale to Krause+.
- Dec. 4Competing proposals would be due by 4:30 p.m., council documents say.
- Dec. 7Public hearing on the planned land sale is set.
Sources: The Des Moines Register, KCCI, Business Record
Sources: The Des Moines Register, KCCI, Business Record