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Public Policy

Good Ink for Downtown Des Moines

Ian Scott on Thursday, February 18, 2010 at 4:43:37 pm

The New York Times just featured a glowing profile of downtown Des Moines.  They attribute the city's development to a strong economy (based on large, stable employers and emerging alt energy firms), efficient governing, and vibrant public private partnerships.

Here's one excerpt from the article that illustrates how the region is investing in itself:

Richard A. Clark, the city manager, said Des Moines had invested an average of nearly $2 million annually in public dollars over the last several decades to help businesses assemble parcels of land, improve streets, build parking structures and other infrastructure. The public money has leveraged over $2 billion in private investment downtown since the 1990s, he said.

Des Moines even spends $250,000 in tax revenue annually to support public art. Its hotel-motel tax contributes $740,000 annually to a $2.45 million regional account that the city shares with seven suburbs to support the zoo, a civic center, a botanical garden, a symphony and other cultural institutions.

Click HERE to read more.

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