SECRET PROJECT: $18 Million Incentive Offered

money economy

The West Des Moines City Council has approved a resolution to provide a planned new data center project with economic incentives.

The measure aimed at luring “Project Alluvion” to West Des Moines would give developers up to $18 million in infrastructure improvements and payments. The money would come from tax increment financing.

Documents show the project, when completed, will have a minimum taxable assessed value of $255 million and will create 84 jobs in the metro.

The company pushing the project remains a mystery.

The Iowa Economic Development Authority is expected to discuss the project at its Friday meeting.

The project is also seeking rebates on construction materials through the High Quality Jobs Program.

Follow

Get every new post delivered to your Inbox.

Join 850 other followers