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Council approves $4 million grant to WDC for Hard Courts project, will receive several properties as part of agreement
Summary
The City Council approved a development agreement committing up to $4 million over three years to the Waterloo Development Corporation for the $35 million Hard Courts project and authorized conveyance of WDC-owned properties to the city.
The City Council on Monday approved a development agreement with the Waterloo Development Corporation (WDC) that provides up to $4 million in grant support over three years toward the proposed $35 million Hard Courts facility on the TechWorks site and authorizes the conveyance of specified WDC-owned properties to the city in support of downtown development.
Jim Miller of WDC told the council the project’s current…
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