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Council accepts assignment of RiverLine purchase agreement for $8 million parcel
Sioux Falls City Council · December 17, 2024
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Summary
Council approved accepting assignment of a purchase agreement for roughly 7 acres (State Partners LLC) tied to a RiverLine downtown vision; contract price $8 million, closing planned July 1, 2025, with a five‑year repurchase option if the city does not commence project activity.
The council voted 8–0 to accept assignment and assumption of a real estate purchase agreement for property owned by State Partners LLC as part of the RiverLine district effort to advance a downtown convention center vision.
Mike Gray with the Sioux Falls Development Foundation told council the…
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