Waterloo Sportsplex receives more funding - KWWL - Eastern Iowa Breaking News, Weather, Closings

Waterloo Sportsplex receives more funding

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WATERLOO (KWWL) -- A $26 million sports complex is getting more backing. The multi-purpose Sportsplex facility will be located in downtown Waterloo. It's part of the River Renaissance plan.

Mayor Buck Clark has said this project will be paid for by private funding and not city dollars. Before Tuesday's announcement, about $22 million had been committed to the project.

Tuesday morning The Community Foundation of Northeast Iowa said they will donate $600,000 towards the new Sportsplex. 

The foundation will give $500,000 of that to be used towards the construction of the project. $100,000 will be used to establish The Cedar Valley Sportsplex Endowment Fund. The fund is meant to provide scholarships toward low-income youth in the Cedar Valley.

"By providing scholarships for low-income youth we will be providing and supporting the ongoing operations of the Sportsplex which is something I know that all the founders of this Sportsplex want and were asking for," said Mary Ann Burk, Community Foundation of Northeast Iowa CEO.

"We have said all along with this project that it's not exclusive. It's not a country club. It's for everybody in the community," said Mayor Buck Clark.

This is the largest donation The Community Foundation of Northeast Iowa has ever given.

The Cedar Valley Sportsplex will be built along Jefferson Street in Waterloo, between West Third Street and First Street. It will be built right next to the Public Market Building.

The goal is to break ground in the summer of 2011. The city will take responsibility for the complex after it is built.

Online Reporter: Nikki Newbrough

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