CyTown Project Timeline

September 2019: Iowa State announced intent to study multi-use development district.
June 2022: The Iowa Board of Regents authorized planning for parking and infrastructure improvements needed for the CyTown development.
September 2022: Iowa State announced plans for CyTown.
February 2023: Iowa State began working on improvements to parking lots between Jack Trice Stadium and the Iowa State Center along with infrastructure construction.
September 2023: McFarland Clinic announced as CyTown anchor tenant.
November 2023: The Board of Regents approved schematic designs, project descriptions and budgets. Funding for the infrastructure and parking lot upgrades came from the athletics department, private giving and university investment income, which will be repaid with revenues from the development.
February 2024: Iowa State selected Goldenrod Companies as the master developer for CyTown, following an extensive request for proposals process.
June 2024: The Board of Regents approved a lease agreement with McFarland Clinic, and a Payment in Lieu of Taxes (PILOT) arrangement with the City of Ames. The PILOT will be equivalent to the amount commercial tenants pay for property taxes in other areas of the city. Iowa State will dedicate one-third of PILOT funds to renovations and repairs for the Iowa State Center.
Fall 2024: The majority of the infrastructure project completed. McFarland lease finalized.
January 2025: Board of Regents approve CyTown developer agreements.
Spring 2025: Site work & construction begins.
Q3 2027: Anticipated construction completion.

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