Northwest Iowa leaders hope to use a new tax incentive program to cover much of the $10 million cost of a proposed Sioux City development featuring a proposed 160,000-square-foot agricultural expo center.
City officials say the complex would also likely include a hotel, restaurant and some retail.
The city hopes to qualify for Iowa's new Reinvestment District program that lets cities establish zones to divert future motel and sales tax revenue to projects that increase tourism and improve quality of life.
The project would center on the proposed Bomgaars Ag and Expo Center that the founders of the Bomgaars retain chain pledged $500,000 for. That structure would include 50 to 60 hotel rooms and be able to host horse shows, trade shows and cattle auctions.