Coralville OKs 10-Year tax rebate to support Iowa River Power historic building renovation

By: Annie Smith Barkalow|May 14, 2025

The Iowa River Power building, 501 First Ave. in Coralville, pictured Oct. 30. The building was bough last month by Old Gold, LLC, a company with an Illinois address. CREDIT ANNIE SMITH BARKALOW

The Iowa River Power building, 501 First Ave. in Coralville, pictured Oct. 30. CREDIT ANNIE SMITH BARKALOW

The Coralville city council has approved a tax increment rebate to aid in the historic renovation of the former Iowa River Power Restaurant, located at 501 First Ave. in Coralville.

At its meeting May 13, the council passed a resolution approving a development agreement with Old Gold & Black, LLC – previously known as Old Gold, LLC – that will rebate property taxes exceeding…

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Coralville OKs 10-Year tax rebate to support Iowa River Power historic building renovation

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