State board Oks $13.5 million for Sioux City development
(World News USA)

DES MOINES, Iowa (AP) - Iowa`s economic development board has approved $13.5 million in state financial assistance for a series of proposed Sioux City projects totaling $134 million. The Sioux City Journal reports that the Iowa Economic Development Authority Board voted unanimously Friday to approve Sioux City`s Reinvestment District program application. The money is to be repaid through hotel-motel and sales taxes generated by the new and upgraded properties over a 20-year period. The application features four big-ticket projects, including a five-story, 150-room Courtyard by Marriott hotel that will adjoin the Sioux City Convention Center downtown and renovations to and parking for the...