An esports facility is in the works for Coralville, seeking development of a parcel of land west of Lowe’s Home Center and north of Highway 6. The city of Coralville granted Burlington-based developer, Lucky Pete LLC, a 15-year tax abatement for the facility, contingent on the PUD process and improvements to Highway 6. The city’s […]
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An esports facility is in the works for Coralville, seeking development of a parcel of land west of Lowe’s Home Center and north of Highway 6.
The city of Coralville granted Burlington-based developer, Lucky Pete LLC, a 15-year tax abatement for the facility, contingent on the PUD process and improvements to Highway 6.
The city’s primary contact for the project, Justin Myers, of Myers Construction, declined to give any detailed information on the facility, saying formal announcements are on hold “while we are working out the final plans and agreements,” he wrote the CBJ.
Coralville city administrator Kelly Hayworth said the facility is still in the early stages of development, but mentioned some elements that would be incorporated into building construction.
“The (facility) would include an arena that would have flexible space. That would include retractable stadium seating, so that when there is not a contest going on, you would have flat floor space that people could participate in e-sports themselves. There would also be a restaurant and bar in the facility,” he said, in an email to the CBJ.
Coralville city attorney Kevin Olson, at the March 26 council meeting, also noted that the developers plan to construct some trails and a water feature on the lot.
“It will be an interesting-looking development, considering what’s been sitting there for a while,” he said.
Colony Real Estate Limited Partnership is listed as the original deed holder of the land, which was assessed a year ago at $195,000 and is currently zoned arterial commercial. The property has been vacant for more than 20 years, and the city is eager to promote commercial development along Highway 6.
“I think this is going to be really exciting. I don’t think there’s any other type of facility like this in the area,” said mayor Meghann Foster.
Coralville's Highway 6 Urban Revitalization Area Plan aims to provide incentives for commercial economic development along Highway 6, thus the esports facility's tax exemption offer.
“There’s a lot of improvements that need to be done on Highway 6 to make that (project) work,” said Mr. Olson.
The facility will share an entrance with Lowe’s, but a second entrance is needed and will be constructed off of Highway 6, across from Deer Creek Road.
In addition to the facility, two commercial buildings will also be developed on the property. Unlike the esports facility, these buildings will not receive a tax abatement and the city will collect tax revenues from them.
“We’ll start the ordinance when the commercial buildings are built,” said Mr. Olson.