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Iowa Lottery Board OKs Clive building purchase

by KIX101.1 /1230 KFJB News Department posted Jan 30 2014 9:36AM
~ CLIVE, Iowa (AP) - The Iowa Lottery Board has approved the purchase of a $5.4 million building for a new lottery headquarters in Clive.
  The board unanimously approved the proposal on Wednesday. The purchase agreement will go to the Executive Council of Iowa for further review.
     Lottery spokeswoman Mary Neubauer has said the lottery's Des Moines building needs about $7.8 million in renovations that likely would exceed the building's market value. Neubauer says lottery officials expect they'll be moving this summer or early fall.
     Lottery officials anticipated a purchase by earmarking $7 million in the lottery budget for the next two fiscal years. The money comes from lottery profits.
Filed Under :
Topics : Business_Finance
Location : CliveDes MoinesIowa
People : Mary Neubauer
01/30/2014 9:38AM
Iowa Lottery Board OKs Clive building purchase
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