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Encyclopedia Dubuque

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DUBUQUE INITIATIVES: Difference between revisions

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DUBUQUE INITIATIVES. Dubuque Initiatives in 2003 was negotiating for the Lower Main Development LLC which wished to purchase the building and a 120 Main St. Parking lot for $500,000. In January, Dubuque Initiatives believed it had found the right developer and planned on presenting a memorandum of understanding to the Dubuque City Council. The president of the consortium was [[KRIEG, Kathryn "Katie"|Kathryn "Katie" Krieg]]. One of the board members was Mayor [[DUGGAN, Terry|Terry DUGGAN]]. (1)
DUBUQUE INITIATIVES. Facing an economic downturn and fleeing businesses, the city of Dubuque in the late 1970s was looking for funding for an industrial park. A new highway through downtown Dubuque displaced businesses and alternative locations were few. Grant money was available to non-profit organizations, but not to municipalities. To seize this opportunity, the Dubuque City Council voted in 1980 to form a non-profit entity and named it [[DUBUQUE IN-FUTURO]]. The grant money received for the initial Westside industrial park investment and the subsequent sale of the lots has seeded several other impactful projects throughout Dubuque. Dubuque In-Futuro became Dubuque Initiatives in 1920. It is an entirely self-sustaining entity, which serves as a catalyst to community development and job creation. In 2019 eleven board members served the organization. (1)


In 1999 Dubuque Initiatives primary concern was to ensure that redevelopment was according to city standards. The Initiative purchased the Locust Street property of [[SCHOEN'S ANTIQUES]]. The building that was razed played a role in making the Weber Paper building more attractive to buyers who wanted off-street parking. (2) In November 2002, the city agreed to sell the corporation 4.9 acres of [[PORT OF DUBUQUE]] land that the city had acquired from Dubuque Hardwoods. To raise the $3.2 million needed for the sale, the city needed additional funding. This was achieved by selling the property to the Initiative for $1.6 million. Although the Initiative had the right to sell or develop the land, it was hoped that when the city had the needed funding it would buy the land back. (3) At the time, the city also agreed that Dubuque Initiatives would receive land the city was acquiring from [[KLAUER MANUFACTURING COMPANY]].
Since 2000, Dubuque Initiatives participated in significant projects which helped to encourage over $311 million in new investment causing an increased $365 million in assessed value and 1,500 new jobs. The following is a list of some of the projects Dubuque Initiatives has participated in or facilitated in recent years: (2)
 
Dubuque Industrial Park South development
 
Cooper Wagon Works
 
Port of Dubuque Land Acquisition
 
Retail Expansion Efforts
 
Weber Paper Building reuse (Platinum Building)
 
Old German Bank (Silver Dollar Cantina)
 
Historic Millwork District
 
Roshek Building Purchase & Renovation


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Source:
Source:


1. Coyle, Erin, "Developers Might Buy Ex-Weber Paper Building," Telegraph Herald, January 20, 2003, p. 3
1. Dubuque Initiatives, "History," Online: https://dubuqueinitiatives.com/history-dubuque-in-futuro/


2. Berg, Renee, "How Much for the Indian Statue?" ''Telegraph Herald'', March 31, 1999, p. 1
2. Ibid. "Our Projects"


3. Coyle, Erin, "Initiative Taken in Port," ''Telegraph Herald'', November 26, 2002, p. 1
[[Category: Civic Leader]]

Revision as of 02:55, 21 June 2019

DUBUQUE INITIATIVES. Facing an economic downturn and fleeing businesses, the city of Dubuque in the late 1970s was looking for funding for an industrial park. A new highway through downtown Dubuque displaced businesses and alternative locations were few. Grant money was available to non-profit organizations, but not to municipalities. To seize this opportunity, the Dubuque City Council voted in 1980 to form a non-profit entity and named it DUBUQUE IN-FUTURO. The grant money received for the initial Westside industrial park investment and the subsequent sale of the lots has seeded several other impactful projects throughout Dubuque. Dubuque In-Futuro became Dubuque Initiatives in 1920. It is an entirely self-sustaining entity, which serves as a catalyst to community development and job creation. In 2019 eleven board members served the organization. (1)

Since 2000, Dubuque Initiatives participated in significant projects which helped to encourage over $311 million in new investment causing an increased $365 million in assessed value and 1,500 new jobs. The following is a list of some of the projects Dubuque Initiatives has participated in or facilitated in recent years: (2)

Dubuque Industrial Park South development

Cooper Wagon Works

Port of Dubuque Land Acquisition

Retail Expansion Efforts

Weber Paper Building reuse (Platinum Building)

Old German Bank (Silver Dollar Cantina)

Historic Millwork District

Roshek Building Purchase & Renovation

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Source:

1. Dubuque Initiatives, "History," Online: https://dubuqueinitiatives.com/history-dubuque-in-futuro/

2. Ibid. "Our Projects"

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