The Evolution of Altoona Opportunities and Challenges

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1 The Evolution of Altoona Opportunities and Challenges Railroad Des Moines Valley Railroad reached Altoona Rock Island Railroad reached Altoona Naming the Town Altoona was named by surveyor Julian B. Bausman From Latin word Altus, meaning high Highest point on the Des Moines Valley Railroad between Keokuk and Des Moines 1

2 Altoona s Beginning 1868 Altoona s first official plat was recorded Post Office opened 1876 Altoona was incorporated 1 st Mayor was Dr. Francis Edwin English The Great Train Wreck 1877 Rock Island train went off the tracks in the greatest railroad accident in the history of central Iowa. Wreckage included a Barnum Bailey Circus poster car. Growing Transportation 1896 First bike path built between Des Moines and Altoona 1902 Toonerville Trolley opened between Altoona and Des Moines (Interurban electric train system) 2

3 First Municipal Airport Altoona Airport Dedicated by Charles A. Lindberg August 27, 1927 First two-color printer Robert T. Townsend President of Townsend Industries Developed the T-51 attachment, allowing offset printing of two colors Publically introduced at National Association for Printing Leadership convention in 1957 Des Moines Metro Area 3

4 Interstate 80 The section of I-80 located north of Altoona opened November 1960 (Iowa DNR aerial) (Polk County aerial) Altoona 1960 Altoona 2017 Adventureland April 1971 Jack Krantz started Adventure Lands of America, Inc. September 1971 Adventure Lands of America, Inc. began selling 820,000 shares of stock to Iowans only ($5 per share) August 1975 Grand Opening of Adventureland Park Prairie Meadows March 1989 Horse track opened April 1995 Slot machine casino opened 4

5 Highway 65 Beltway (Polk County aerial) Creating Development Altoona Plan 1995 West Commercial Development TIF Installed Sanitary Sewer Spurred Development 5

6 West Commercial Development Created a TIF District with a 20-year sunset Sold GO.O. Bond for $1.7 million to construct sanitary sewer line 20 years later, the district created $120 million in new taxable valuation City s General Fund receives $1.2 million per year School District receives $2.3 million per year NE Industrial Development NE Industrial Park RISE Grant $2 million TIF Rebates used to attract businesses and offset development costs Total TIF rebates to date: $9 million TIF Revenues: $1.2 million per year 6

7 Prairie Crossing & Bass Pro Shops Shoppes of Prairie Crossing Outlets of Des Moines October 20, 2017 Outlets of Des Moines opened 7

8 Financing Prairie Crossing & Bass Pro Shops $54 million TIF Bond $10 million for Infrastructure $35 million for AEDC to Build & Maintain Bass Pro $9 million balance used for grading, stormwater detention, and bond issuance costs The Entertainment Capital of Iowa NW Industrial Development November 2014 Facebook s first data center completed / 6 Building 1: 465,000 SF Building 2: 450,000 SF Building 3 / 4: 633,000 SF 1 Building 5 / 6: 1,000,000 SF 8

9 Facebook Development Agreement Participated with the State of Iowa on the High Quality / High Paying Jobs Program The City allowed for 20-year Tax Abatement Facebook pays a PILOT to cover their infrastructure costs Estimated Taxable Valuation for the four buildings is $500 million Residential Subdivisions In Development A & J Jones 28 Total Lots ALL Available Bennett Bay 48 Total Lots 6 Available Brookhaven 203 Total Lots 38 Available Eagle Knoll 45 Total Lots ALL Available Fieldstone Estates 143 Total Lots 66 Available Ironwood South 118 Total Lots 68 Available Laird Estates Townhomes 36 Total Lots 26 Available Meadow Vista South 2 38 Total Lots 36 Available Spring Creek Ridge 37 Total Lots ALL Available Tuscan Estates 20 Total Lots 5 Available Tuscany 156 Total Lots 52 Available Tuscany Townhomes 36 Total Lots 14 Available Willowbrook Estates 30 Total Lots ALL Available Spring Creek Park Development Plan 9

10 Steady Growth Projection Growth Rate (3.46%) , ,349 14, Recent Residential Building Permits SFR Permits To Date 103 Residential Amenities: Civic Plaza 10

11 Residential Amenities: Altoona Campus Residential Amenities: Quality of Life Parks Trails Residential Amenities: Quality of Life Current Sam Wise Planned Spring Creek Sports Complex 11

12 Altoona Aquatics Park Opened June 28, 2003 Altoona Public Library Infrastructure for the Future 1 st Ave Roadway Improvements Three- Plan 8 th Street Roadway Improvements Four- Plan Adventureland Drive Roadway Improvements Under Construction Expansion of Water Treatment Plant #3 Under Construction NW Lift Station Two- Plan Spring Creek Lakes & Park Two- Plan 12

13 Mud Creek Sanitary Sewer Altoona Corporate Limits & Recent Annexations Planning for the Future Comprehensive Plan Update New City Hall New Police Station New Public Works Facility Spring Creek Park Townsend House Community Center 13

14 Future City Hall / Police Station Future City Hall / Police Station 150 th Anniversary 14

15 Thank You Questions? Contact: Jeffery Mark City Administrator City Hall: (515)