Cedar Rapids OKs park sale for business expansion
The Cedar Rapids City Council has voted to sell a city park to a corn processing company so it can expand and create more jobs.
The Gazette reports the council on Tuesday unanimously approved the sale of 8.5 acre Riverside Park to Penford Products for $1.67 million.
Penford employs 250 people at its plant, which processes corn into starch products and ethanol.
Under the agreement, Penford will have three years once it takes possession of the land to begin its expansion.
Council member Ann Poe noted that Riverside Park includes a skate park, ball diamond and playground. She asked if those would be rebuilt elsewhere, and city officials replied that such features likely would be included in 230 acres of new parkland created from buyouts after the 2008 flooding.
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