According to the Des Moines development forum, they are trying to state that they have over $1.7 Billion in downtown development going on. I highly doubt that number. Their downtown is doing very well, but after adding up all their projects under construction it comes to under $800 Million (and even that number is probably high).NovakOmaha wrote:I still don't understand why there hasn't been much development in the immediate vicinity of the Iowa Events Center. Omaha has North Downtown, KC has KCLive, Lincoln has the Haymarket but Des Moines doesn't really have an Arena district.
Compared to these numbers from near downtown Omaha:
River's Edge CB: $150-200 Million
The Yard: $50 Million
Shamrock $205 Million
HDR HQ's: at least $100 Million
Total $500 - $555 Million
If you add in the Buffett Cancer Center, that is another $323 Million.
Couple of other projects:
Even Hotel: $17 Million
Highline apts: $17 Million
Burlington Postal Annex: $25 Million
Old Power Plant Apts: $30 Million
13th and Cass Apts: approx $10 Million
So altogether with these projects it would be just short of $1 Billion.
And that doesn't include the $100 Million proposed Lanoha development or the $300 Million proposed Civic Auditorium redevelopment.