July 27, 2021

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Extraordinary healthy

Ames City Council to review options for aquatics center funding gap

A $17.5 million bond referendum may be on the ballot in Ames this fall after half the requested state funds were approved to fund a new aquatics center. 

The Iowa Economic Development Authority awarded Ames $10 million in tax rebates in June. Ames originally requested $21 million in their proposal for the program, which offers $100 million in tax rebates for development projects across Iowa.

City officials will update the Ames City Council at Tuesday’s 6 p.m. meeting on options available to make up for the gap in funding, which may require a special election this fall. 

► More: Future of Ames’ proposed indoor municipal pool lies with Iowa Reinvestment District program

The Reinvestment District showed a new route for funding for a new municipal pool as the current pool is set for demolition next year with no successor in place. Ames will reap the tax rebates from future hotel and retail development in the district and use the fund to pay off the aquatics center project.