Cedar Rapids to ask for nearly $264M for flood protection - KWWL - Eastern Iowa Breaking News, Weather, Closings

Cedar Rapids to ask for nearly $264M for flood protection

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The City of Cedar Rapids may have found a way to fund half the cost of building flood protection on both sides of the Cedar River.

Tuesday, the city council is expected to approve an application asking the Iowa Flood Mitigation Program to provide Cedar Rapids with nearly $264 million.

The money would come from growth in sales tax revenue over the next 20 years. That's different than the recently approved local option sales tax.

The city is still hoping for $78 million from the federal government, and would use some local funds.

"It would give us a huge jump-start on getting flood protection started and that would be critical, not only to protect our neighborhoods, but to really encourage investment in the community," said Joe O'Hern, executive administrator for development services. 

The city expects the Flood Mitigation Board to review the application at its next meeting on Thursday.

The city hopes to know if its application is approved by the end of the year.

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