Greyhound Park to come down - KWWL - Eastern Iowa Breaking News, Weather, Closings

Greyhound Park to come down

Posted: Updated:
WATERLOO (KWWL) -

Greyhound Park in Waterloo is set to come down this year.

Deer Creek Development announced it worked out a three-way deal to initiate demolition of the Waterloo Greyhound Park for future development and preserve the solvency of the National Cattle Congress (NCC).

Deer Creek Development, the NCC and the Sac and Fox Tribe of the Mississippi in Iowa, also known as the Meskwaki Nation, closed on the agreement April 25.

“To finalize this agreement, the Meskwaki Tribal Council more than met the NCC halfway,” said Harold Youngblut, president and CEO of Deer Creek Development, who along with his son and the development’s attorney, Michael Youngblut, mediated the deal. “Meskwaki and NCC were most gracious in their dealings with Deer Creek Development and enough cannot be said about all parties coming together to bring this agreement to fruition. Everyone needed to be flexible, make concessions and work with one another to accomplish this deal.”

No TIF or other government funding was used for Deer Creek Development’s acquisition of the 64-acre parcel where the Greyhound Park facility currently resides. Additional terms of the agreement were not disclosed.

“We believe that this is a win for not just the parties involved but for the general public as well.” said Anthony Waseskuk, tribal chairman. “The Cattle Congress will continue to provide entertainment to the residents of Black Hawk County, the City of Waterloo will finally see the eyesore known as the Waterloo Greyhound Park demolished and the tribe will receive a fair settlement under the original agreement with the Cattle Congress. The Tribe values traditions and the annual Cattle Congress Fair has been a tradition in Black Hawk County for generations much like our annual Pow-Wow held in August every year.”

Woodlands Construction Inc. a tribally charted corporation owned by the Tribe will demolish the dog track park. The Waterloo Greyhound Park has set empty for nearly 20 years.

Demolition is scheduled to begin later this month. 

“We would like to thank both the Meskwaki Tribal Council and Deer Creek Development for working together with us to find a solution that was in the best interest of our community,” said Wally Mochal, board president, National Cattle Congress. “It will be fantastic to have beautiful new development under way along busy Highways 20 and 63. And, we could not be more thankful for our continued ability to maintain ownership of the historic Electric Park Ballroom and our fairgrounds, plus be able to operate the fair for years to come.” 

The exact businesses we can expect to see in this recently added parcel of Deer Creek Development’s Greenbelt Centre is yet to be determined, according to Harold Youngblut. But he said it could be anything from “restaurants and retail to a hotel and a convention center.”

“This is a win-win-win situation for all three organizations—and a win for the City of Waterloo and the entire Cedar Valley,” said City of Waterloo Mayor Quentin Hart. “Tearing down the greyhound park will be a catalyst to revitalize the southern entrance to Waterloo. And as the Greenbelt Centre continues to expand, it will bring new businesses and jobs to the city and increase our tax base—this will benefit all our residents. How exciting it will be to showcase attractive properties to our visitors coming to our city from our main south entrance.”

Deer Creek Development is a family owned business of the Harold Youngblut family of the Greater Cedar Valley. The development acquired 122 acres adjacent to the greyhound park in 2005 and branded the area the Greenbelt Centre, which is home to Mauer Eye Center, Love’s Travel Center, Hawkeye Stages and other professional offices.

“It took a lot of hard work by many individuals to complete this agreement,” said Harold Youngblut. “I would like to thank those who were instrumental in bringing this deal together, including Anthony Waseskuk, Jay Finch, Mike Treinen, Wally Mochal, Ken Nelson and Michael Youngblut.”

Powered by Frankly