CEDAR RAPIDS, Iowa (AP) — The Cedar Rapids City Council has agreed to buy most of Cedar Lake as part of a massive redevelopment project.
The price from owner Alliant Energy? Just $1, which the council voted Monday to pay. The city has been leasing the lake since 1982. It sits in the middle of Cedar Rapids, just east of the Cedar River.
Mike McGrath is board president of ConnectCR, which has been raising money for the revitalization of Cedar Lake and the creation of a pedestrian/trail bridge south of downtown. He says city ownership of the lake qualifies his organization to apply for grants to help with funding. The improvements include kayak launches, fishing jetties and platforms.
Station KCRG reports that city officials say plans are to complete the project within five years after all $20 million is raised.