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Knife River proposal would buy city land, build rail spur and fund ball‑field relocation
Summary
City staff and Knife River Midwest described a multi-part proposal to sell and lease city property in the Floyd River urban renewal area, including an initial $205,000 land sale, a later $495,000 sale, a 50‑year rail lease, and commitments to help relocate youth ball fields and create roughly 20 jobs.
Sioux City staff and Knife River Midwest presented a multi-stage plan to transfer and lease city property in the Floyd River urban renewal area and build a private rail spur to serve Knife River’s expansion.
Marty Daugherty, Sioux City’s economic and community development director, said the first parcel sale would close by year‑end for $205,000, with a second sale (covering the ball fields area and Chase Avenue vacation) scheduled by Aug. 1, 2027, at $495,000. Daugherty said the city would purchase one lot at 1806 Hawkeye Drive for $23,000 to provide additional parks storage and that several property swaps and $1 consideration transfers are included to…
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