• Home
  • News
    • Politics & Government
    • Business & Economy
    • Crime / Courts
    • Health / Medicine
  • Sports
    • High School Sports
    • Radio Iowa Poll
  • Affiliates
    • Affiliate Support Page
  • Contact Us
    • Reporters

Radio Iowa

Iowa's Radio News Network

You are here: Home / Business / Sioux City not yet seeing investment returned on downtown building

Sioux City not yet seeing investment returned on downtown building

September 19, 2013 By Radio Iowa Contributor

Badgerow_Building

Badgerow Building

A building in downtown Sioux City remains empty, one year after city officials said it would be remodeled and house a data center by September 2013. Interim city manager Bob Padmore says the Badgerow Building’s developer, Bruce DeBolt and his California-based company Mako-One, are still trying to find a tenant.

“He’s still working his leads to try and get tenants in the building. At this time, he hasn’t asked for any additional resources from the city and we don’t anticipate that he will,” Padmore says. “It’s understandable, he’s got a rather sizable investment in the building and it’s in his best interest to get tenants. So, it’s not due to lack of effort on his part, I’m fairly sure.”

The city has invested $800,000 in the project, but Padmore says the city is collecting property taxes from Mako-One. “We have a minimum assessment that goes back to his original agreement with the city and they’re paying taxes based on that minimum assessment,” Padmore says. Figures provided by the city manager show that DeBolt’s company is paying $160,000 annually to the city in property taxes on the Badgerow Building.

The 12-story building has around 110,000 square feet of space.

(Reporting by, Woody Gottburg, KSCJ, Sioux City)

Share this:

  • Facebook
  • Twitter

Filed Under: Business, News

Featured Stories

DOT plow crews struggling against blizzard conditions

Iowa delegation breaks along party lines on Trump impeachment vote

Two northeast Iowa men admit to illegally harvesting ginseng

Do you have to pay tax on your stimulus check?

All six in Iowa’s congressional delegation confirm Electoral College results

TwitterFacebook
Tweets by RadioIowa

Iowa State-Kansas postponed

Iowa-Michigan State postponed

Fire damage to Riverfront Stadium electrical system will cost Waterloo thousands

Iowa State at Kansas State postponed

Iowa State’s Foster to miss remainder of the season

More Sports

eNews and Updates

Enter your email address:

Delivered by FeedBurner

Archives

Copyright © 2021 ยท Learfield News & Ag, LLC