City issues $4.3M in bonds for Corridor Plaza
When a developer announced plans to turn the stagnant Crossroads Mall into a new multiuse area of stores, restaurants, a hotel and outdoor gathering spaces, the Fort Dodge city government offered financial help. On Monday, the City Council moved to meet its obligation to Crossroads Plaza Development by approving a bond issue that will be paid off with property taxes generated at the old mall site. In 2020, when the Ankeny firm purchased the mall property, the City Council pledged $18.2 million to reimburse the company for property acquisition, demolition and infrastructure ...