TechWorks campus gets huge investment boost - KWWL - Eastern Iowa Breaking News, Weather, Closings

TechWorks campus gets huge investment boost

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WATERLOO (KWWL) -

The development of the TechWorks campus, on the western edge of downtown Waterloo, got a huge boost on Tuesday with the announcement that the "Tech 2" building will be renovated to include new office space, a 100-room upscale hotel and a fine dining restaurant.

The 60,000 square feet of office space will include a John Deere Training Center and will receive part of its power from solar panels and wind turbines that will be located on the property.

City officials and investors made the announcement on the TechWorks campus to those eager to hear the news.

Private and public organizations have invested in the TechWorks project. John Deere donated the land and the buildings and their investment is estimated in the hundreds of millions of dollars.

"The external investment, the folks from the outside and the companies from the outside and again, time, talent, and treasure. They believe in Waterloo. They believe in our potential. They believe in the Cedar Valley and the valley's potential," said Tim Hurley, the Cedar Valley TechWorks Chair.

Rodney Blackwell, a developer based in Davenport, got this project off and running with his $50 million dollar investment. He said there was something about this downtown area that brought him to Waterloo.

"I originally came to look at the River Renascence project and work on that and then when I saw this building and this campus and met with Vandewalle about some ideas and I had it kind of evolve into where we are today," said Blackwell.

Construction on the project is expected to start in August and be completed in about 14 months.

The John Deere Tractor and Engine Museum, which will also be included on the campus, is expected to be completed in 2013.

 

 

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