The proposed 330 room convention center hotel at 435 Park in Downtown Des Moines has generated a new buzz for the city.
Davis Sanders with Renaissance Design Group in Des Moines said, "The lobby is going to be dynamic. Not like anything else in Des Moines." Iowa Event Center Hotel Corporation Board of Directors President Gerard Neugent agreed, saying, "This is like the crowning jewel because it will turn what is a successful event center even more successful."
To finance the $101 million price tag, the board of directors for the Iowa Events Center Hotel Corporation planned to use a rare government program. It`s called EB -5. Foreign nationals who agree to invest at least $500,000 in a U.S. project, are guaranteed a green card. Neugent said, "It gives you some certainty in your financing."
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