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City hears Invest DSM expansion plans; consultant cites 4.37 leverage ratio
Summary
Consultants updated the Des Moines City Council work session on plans to expand Invest DSM’s special investment districts into two additional neighborhoods and previewed public open houses. Councilmembers raised equity concerns about district boundaries after recent redistricting.
Consultants and Invest DSM staff briefed the Des Moines City Council during a Jan. 13 work session on plans to expand Invest DSM’s special investment districts into two additional neighborhoods and on outreach steps ahead of public open houses.
Charles, the project consultant, said the expansion would grow Invest DSM’s footprint from four concentrated geographic areas to six and pointed to metrics the team considers central to the proposal. “A buck in is generating 4.37 out,” he said, describing what he called the program’s leverage ratio. He said Invest DSM’s roughly $14,000,000…
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