Connect with us

World News

ISU, McFarland nearing $50,000 a year rental agreement as CYTown’s first tenant

Published

on


A numbered rendering depicts the buildings that are expected to be the first to open as early as fall 2025 in the pictured CYTown entertainment district to be north of Jack Trice Stadium in Ames, Iowa. No. 1 is a medical clinic, 2) retail and office space, 3) 20 luxury apartments with retail space on the first floor, and 4) a restaurant/brew pub.

A numbered rendering depicts the buildings that are expected to be the first to open as early as fall 2025 in the pictured CYTown entertainment district to be north of Jack Trice Stadium in Ames, Iowa. No. 1 is a medical clinic, 2) retail and office space, 3) 20 luxury apartments with retail space on the first floor, and 4) a restaurant/brew pub.

Iowa State University’s in-progress CYTown development is close to securing a $50,000-a-year contract and a $3 million security deposit with its first tenant.

Iowa State is asking the Iowa Board of Regents on Wednesday to authorize a 30-year contract with McFarland Clinic for 30,000 square feet of property between Jack Trice Stadium and Hilton Coliseum in Ames.

McFarland’s initial $50,000 base rent will increase by $5,000 intervals each year through the end of the lease. The medical company will pay for the construction of its newest clinic off University Boulevard, though Iowa State will takeover ownership when finished and lease it to McFarland.

Iowa State University is seeking approval from the Iowa Board of Regents for a $200 million retail, office and entertainment development called CYTown between Jack Trice Stadium and Hilton Coliseum. This is a view from Fourth Street.Iowa State University is seeking approval from the Iowa Board of Regents for a $200 million retail, office and entertainment development called CYTown between Jack Trice Stadium and Hilton Coliseum. This is a view from Fourth Street.

Iowa State University is seeking approval from the Iowa Board of Regents for a $200 million retail, office and entertainment development called CYTown between Jack Trice Stadium and Hilton Coliseum. This is a view from Fourth Street.

A new partnership for an ambitious project

The 40-acre CYTown development will include a collection of retail, residential, office, and medical facilities between the Iowa State Center and Jack Trice Stadium. The first phase of construction is already underway, which Iowa State expects to complete by August 2025.

McFarland Clinic is the only business so far to pledge its commitment to CyTown, revealing last September its plan to construct a 70,000 to 80,000-square-foot multi-level facility as the development’s anchor.

The terms of the McFarland-Iowa State lease were negotiated and agreed upon by both entities and are unique to that specific transaction, ISU News Service Director Angie Hunt said.

The university is not implementing a flat fee for its future tenants, which means each new agreement will be dependent on negotiations.

“Financial terms for future leases with other tenants will be negotiated through the university’s development partner and will contain different financial terms dictated by the needs of each transaction and the overall goals of the project,” Hunt said.

Due to the $5,000 per year increments, McFarland will pay Iowa State $200,000 in the final year of the contract. According to an agreement on the Board of Regents agenda, McFarland will have the option to extend their lease with Iowa State in five-year increments after the 30-year lease expires up to an additional 20 years.

The clinic will also be responsible for the building’s utilities and “Common Area Maintenance (CAM) fees” throughout the length of the lease, according the Board of Regents agenda.

More: Ames, Iowa State agree to funnel CYTown revenue toward Iowa State Center renovations, property tax undecided

McFarland aims to provide necessary, accessible services

The CYTown medical facility will be McFarland’s seventh standalone clinic in Ames. It will offer primary, specialty, and urgent care.

The facility will be built on the south end of the CYTown development, off Jack Trice Way, near the football stadium. McFarland wants its newest facility to be easily accessible for patients inside and outside Ames.

The clinic will provide Iowa State’s student-athletes with access to orthopedic services and imaging equipment. It would also complement the ISU Thielen Student Health Center, located on the west side of the central campus, by providing after-hours and weekend services.

More: Iowa State University selects developer for $200 million CYTown project

Iowa State may be authorized to funnel taxes toward Iowa State Center renovations

Iowa State is also asking the Board of Regents Wednesday to allow the university to enter into a Memorandum of Understanding with the City of Ames. The agreement would establish a Payment in Lieu of Taxes (PILOT) arrangement between the two entities.

The MOU contract allows ISU Athletics to collect rent from CYTown tenants and allocate those funds to the buildings that make up the Iowa State Center: Hilton Coliseum, Stephen’s Auditorium, Fisher Theatre, and the Scheman Building. The Ames City Council approved the MOU on Tuesday, May 14.

According to local officials, the city entered into the agreement as an “innovative way” to finance the improvements at the Iowa State Center. Whether Iowa State will pay property taxes for CYTown remains undetermined. In the meantime, the Ames council chose to focus on its long-term goal of bringing people to town.

More: Remember ‘Cy in the Sky?’ Ames couple looks to rehome Iowa State-themed hot air balloon

Celia Brocker is a government, crime, political and education reporter for the Ames Tribune. She can be reached at CBrocker@gannett.com.

This article originally appeared on Ames Tribune: How much will McFarland pay ISU to become CYTown’s first tenant?



Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

World News

For sale: A piece of California’s country music history

Published

on



The famed Buck Owens Crystal Palace, where music legends including Willie Nelson, Dwight Yoakam, Garth Brooks and a young Taylor Swift have played, is up for sale, with the foundation that runs the Bakersfield venue planning to list it for $7 million on Monday.

The nightclub, museum and steakhouse was owned by its namesake Buck Owens, the country music trailblazer who bucked the slick commercial melodies of Nashville for a distinctly West Coast twang. Owens opened the Crystal Palace in 1996, watching it become a premier venue for the biggest names in country music, including himself. Buck and the Buckaroos played there every Friday and Saturday night until his death in 2006.

Jim Shaw, a member of the Buckaroos and a director of the Buck Owens Private Foundation, said that after 28 years of running the famed venue, the Owens family plans to step back and find new owners amid a challenging business climate. The foundation said in a statement that “since Buck’s passing in 2006, we’ve tried to maintain the excellence that he expected, even as it became more and more difficult during these challenging times of increasing food and labor costs.”

The venue is not closing and scheduled events will continue as planned, Shaw said.

“It’s business as usual for now,” Shaw said. “Ideally, someone who wants to keep it exactly as it is will come forward.”

Owens’ youngest son, Johnny Owens, wrote on Facebook that the family’s hope “is that a buyer steps forward with a vision for the future and a reverence” for his father and the Bakersfield Sound.

The Crystal Palace, located on Buck Owens Boulevard, is a major tourism staple for Bakersfield. The 18,000-square-foot venue is next to the city’s downtown entrance.

“It’s the No. 1 tourist attraction in Bakersfield,” Shaw said. “There are people stepping forward and we are waiting to see what happens. I am getting a lot of phone calls. I’m anxious to see what happens.”



Source link

Continue Reading

World News

2nd local radio host says they were given questions ahead of Biden interview

Published

on


A second local radio host on Saturday told ABC News that he was provided a list of questions in advance of his interview with President Joe Biden this week.

“Yes, I was given some questions for Biden,” Earl Ingram of CivicMedia told ABC News. Ingram, a prominent host of a Wisconsin radio station, interviewed Biden this week in the wake of his debate performance.

Ingram said he was given five questions and ended up asking four of them.

“I didn’t get a chance to ask him all the things I wanted to ask,” he said.

Ingram is the second interviewer who now says they were provided questions by Biden aides to ask the president this week. Earlier today, another local radio host who interviewed Biden this week told CNN she was given questions to ask Biden before the interview.

PHOTO: President Joe Biden speaks to supporters during a campaign rally at Sherman Middle School, on July 5, 2024, in Madison, Wisconsin.  (Scott Olson/Getty Images)PHOTO: President Joe Biden speaks to supporters during a campaign rally at Sherman Middle School, on July 5, 2024, in Madison, Wisconsin.  (Scott Olson/Getty Images)

PHOTO: President Joe Biden speaks to supporters during a campaign rally at Sherman Middle School, on July 5, 2024, in Madison, Wisconsin. (Scott Olson/Getty Images)

“We do not condition interviews on acceptance of these questions, and hosts are always free to ask the questions they think will best inform their listeners,” the Biden campaign told ABC News on Saturday.

Ingram told ABC he didn’t see anything necessarily wrong with the practice. “To think that I was gonna get an opportunity to ask any question to the President of the United States, I think, is a bit more than anybody should expect,” he said.

He continued that he was grateful for the opportunity to interview Biden at all.

“Certainly the fact that they gave me this opportunity … meant a lot to me,” Ingram said.

MORE: Wealthy Democratic donors sound alarm over Biden staying in race

On CNN earlier today, Andrea Lawful-Sanders, the host of WURD’s “The Source,” said Biden officials provided her with a list of eight questions ahead of their interview with Biden.

“The questions were sent to me for approval; I approved of them,” she said.

“I got several questions — eight of them,” she continued. “And the four that were chosen were the ones that I approved.”

Responding to Lawful-Sanders, Biden campaign spokesperson Lauren Hitt said in a statement that it’s not “uncommon” for interviewees to share topics they would prefer. She noted that Lawful-Sanders was “free” to ask any questions she saw fit. She also noted that it was the campaign who sent over the questions and not the White House as other reports claim.

Lawful-Sanders did note in her interview with CNN that she ultimately “approved” the questions provided.

“It’s not at all an uncommon practice for interviewees to share topics they would prefer. These questions were relevant to news of the day – the president was asked about this debate performance as well as what he’d delivered for black Americans,” the statement said.

“We do not condition interviews on acceptance of these questions, and hosts are always free to ask the questions they think will best inform their listeners. In addition to these interviews, the President also participated in a press gaggle yesterday as well as an interview with ABC. Americans have had several opportunities to see him unscripted since the debate.”

A source familiar with the Biden booking operation told ABC News that moving forward they will “refrain” from offering suggested questions to interviewers.

“While interview hosts have always been free to ask whatever questions they please, moving forward we will refrain from offering suggested questions.”

2nd local radio host says they were given questions ahead of Biden interview originally appeared on abcnews.go.com



Source link

Continue Reading

World News

President George W. Bush turns 78 years old

Published

on



George W. Bush, born on July 6, 1946, in New Haven, Connecticut, was the 43rd President of the United States.

Bush was born to parents Barbara Bush and former President George H. W. Bush. He has five siblings; Jeb Bush, Marvin Bush, Neil Bush, Dorothy Bush Koch and Pauline Robinson Bush. Pauline was diagnosed with leukemia and passed away at age three.

He was formerly the Republican Governor of Texas from 1995 to 2000.

WHY FORMER PRESIDENT GEORGE W. BUSH IS WINNING … THE POST-PRESIDENCY

Bush was first elected to the White House in November 2000, and officially began his first term as president in January 2001, after he defeated Democrat Al Gore during the presidential election. Bush was reelected to his second term as the incumbent in November 2004, when he prevailed over Democrat John Kerry, and led the United States until January 2009 before handing over his torch to former President Barack Obama.

Bush married Laura Bush on November 5, 1977, the day after her 31st birthday, in her hometown of Midland, Texas. The couple were engaged in September 1977, and married less than two months later in a Methodist church. Bush and Laura met at a barbecue, and he took her to play mini-golf on their first date. 

The Bush’s share twin daughters, Barbara Pierce Bush and Jenna Bush Hager, born on November 25, 1981. Today, the couple also share four grandchildren; Mila, Poppy, Hal and Cora.

GEORGE BUSH, FORMER FIRST LADY ISSUE STATEMENT ON AFGHANISTAN WITH MESSAGE TO US TROOPS, VETERANS

During his presidency, Bush cared for his English springer spaniel, Spot Fetcher, who accompanied him to meetings in the Oval Office and on adventures throughout the White House. The dog was born to his parent’s dog, Millie.

On September 11, 2001, less than one year into Bush’s presidency, the Twin Towers in New York City were attacked by terrorists when airplanes hit both buildings, causing a collapse and thousands of lives lost. At the time, Bush was reading to elementary-aged children at a school in Sarasota, Florida. He was calmly and quietly advised of the attacks and quickly returned to Washington, where he was briefed alongside Vice President Dick Cheney.

Bush was regarded highly for his poise while learning of the attacks and for his demonstration of patriotism and leadership in the uncertain days and weeks following the hijackings of multiple planes on the day that shook America to her core.

SADDAM CAPTURED ‘LIKE A RAT’ IN RAID

On December 30, 2003, during Bush’s first term as POTUS, Saddam Hussein, the Iraqi leader and executor of the 9/11 attacks on the U.S., was captured by the American military

In the early morning of December 30, 2006, during Bush’s presidency, Hussein was hanged and executed for his crimes against humanity. Americans across the nation celebrated the death of Hussein and applauded Bush for promising the country he would take him out and following through.

While Bush was regarded for his dealings with the terrorist attacks, the signing of No Child Left Behind Act and the Patriot Act and the creation of the United States Department of Homeland Security, many Americans were unhappy with the sanctions of interrogation techniques, the war in Iraq and taxes while he was president.

CLICK HERE TO GET THE FOX NEWS APP



Source link

Continue Reading
Advertisement

Trending

Copyright © 2024 World Daily Info. Powered by Columba Ventures Co. Ltd.