Arena in Coralville Breaks Ground on May 16
Transformative project totals $190 million in investment
CORALVILLE, IOWA–A ceremonial ground breaking for a new multi-purpose arena in Coralville will take place on Wednesday, May 16, at 4:00 pm. The site is on E. 9th Street near the Antique Car Museum of Iowa. An open house with additional information about the arena and other Iowa River Landing projects will follow the ground breaking at The Madison, 211 E. 9th Street. The public is welcome to attend.
Parking is available at the Coralville Intermodal Transit Facility, 906 Quarry Road, or the ramp at 300 E. 9th Street, north of the Coralville Marriott Hotel and Conference Center.
The 5,100-seat arena is the cornerstone of a transformative project totaling $190 million in investment that includes a 53,000 square foot fieldhouse, a Staybridge Suites hotel, mixed-use office and retail space, as well as a new and permanent home for the Johnson County Historical Society Museum, Antique Car Museum of Iowa, and Hawkeye Model Railroad Club.
This project, developed in partnership with the State of Iowa and private investors, will be a significant milestone in achieving the community’s longstanding vision of a riverfront recreation and entertainment district along the Iowa River and as a gateway for the community.
Arena construction is expected to be complete in the fall of 2019. Financing for the Arena, Fieldhouse, and Iowa Fitness and Sports Performance Institute includes private donations, $14 million in New Market Tax Credits, and $12 million from the Iowa Economic Development Authority’s Reinvestment District program.