Mason City's share

Mason City's share

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Support for ice arena began in 2015

A large crowd of hockey enthusiasts gathered at the Mason City Council meeting March 2, 2015 in support of a proposed downtown redevelopment project that includes a new ice arena.

The city has spent $150,000 on a predevelopment agreement with Gatehouse, the developer of the proposed hotel. That amount will be returned to the city once the project begins. Another $750,000 could be spent on preconstruction funding, and the maximum amount of the loan the city is giving Gatehouse for the hotel at $4.2 million. The Mason City Chamber of Commerce Foundation is guarantor of all city expenses.

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