SIOUX CITY, Iowa (KCAU) – The plans to bring life back into a historic building in Downtown Sioux City became a step closer to reality.
Sioux City City Council members approved the city’s takeover of the Badgerow building master lease.
This is the final phase before Sioux City closes on their purchase of the 12-story building.
In October of last year, the council accepted the purchase agreement from a Cedar Rapids company.
“It’s beneficial so that we make sure we control the development and make sure it’s a project that will get done, that the financing will be in place, and that it won’t go to a developer that may sit on it like the last one did for ten years and do nothing. We need to make sure that we’ve got a project,” said Sioux City Mayor Bob Scott.
The nearly 100-year-old building is currently under renovation but is set to be finished sometime this summer.