More commercial properties offered for buyout program - KWWL - Eastern Iowa Breaking News, Weather, Closings

More commercial properties offered for buyout program

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CEDAR RAPIDS (KWWL) -

The City of Cedar Rapids is giving developers another chance at flood-damaged commercial properties before demolition starts.

The city had previously had a program that bought houses that were damaged in the 2008 flood, but now they are asking if developers or business owners want businesses that were damaged.

The city is just beginning to demolish 50 commercial properties that were destroyed in the 2008 flood.

If there is an interest in an additional 50 the properties, the city is willing to sell them.

Cedar Rapids has spent some $77 million in federal and state disaster funds to purchase property in the buyout program.

 

 

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