Hubbell Realty donates $250,000 to soccer stadium project
The planned Pro Iowa Stadium and Global Plaza has received a financial boost from a $250,000 donation from Hubbell Realty Co. Krause Group, through its development arm Krause+, plans to build a 6,300-seat multiuse stadium and plaza at 200 S.W. 16th St. The project is just west of Hubbell’s Gray’s Station urban community development. “Hubbell strongly believes in the Pro Iowa Soccer Stadium and Global Plaza plans and we have been a supporter of the redevelopment well before it was unveiled,” Rick Tollakson, president and CEO of Hubbell Realty, said in a prepared statement. “This area has undergone immense improvements in the last five years, and it’s slated for great change that will inevitably improve the connectivity of downtown Des Moines.” The site on which the stadium and plaza will be built was contaminated by its previous occupants and is currently being cleaned by the federal government and city of Des Moines. Development of the stadium, which would be home to a United Soccer League Championships franchise team, and plaza is estimated to cost nearly $84 million. In June, the Iowa Economic Development Authority approved providing up to $23.5 million in state hotel/motel and sales tax revenue to the project. The Iowa Soccer Development Foundation, the local nonprofit in charge of the fundraising efforts for the stadium and plaza, has raised $20.8 million in private contributions for the project. Construction of the stadium and plaza is expected to begin in 2022 and be completed by 2024.