Organizers say the $7 million grant fills in the final gaps they were looking for. The project is also receiving funds from Polk County and the State of Iowa.
DES MOINES, Iowa — A new soccer stadium and retail space planned for downtown Des Moines is another step closer to reality thanks to a $7 million TIF grant awarded by the city on Monday. The $95 million project will be the result of a public and private funding partnership.
The complex will be built on city-owned land just south of downtown on Martin Luther King Jr. Parkway, which is the old DICO, Inc. site.
Jeff Lorenzen, who is involved with the Iowa Soccer Development Foundation and is the CEO of American Equity, told Local 5 it’s a win-win for everyone.
“The DICO site itself is a non-tax earning piece of ground for the city because it’s an EPA Superfund site,” he said. “It can’t be used for anything other than something like a stadium or a park.”
Beyond the economic impact, the complex is expected to bring a rise in interest locally to what’s one of the world’s fastest-growing sports. Dan Cataldi with the Iowa Soccer Association, which oversees the youth soccer scene across the state, told Local 5 access to professional soccer will continue to aid in the growth.
“It’s going to help kids understand that there is a path for them someday to be there,” he said. “While very few of them will ever reach that path, the idea that it’s there is exciting for kids. It gets them interested in the game.”
It’s coming at the perfect time for them: the U.S. is set to host the World Cup next year, bringing some of the sport’s biggest stars as close as Kansas City. That’s momentum those in Des Moines want to capitalize on.
“It’s really going to spark that interest to a whole new level that this generation has never seen,” Cataldi said.
Lorenzen told Local 5 that as things stand, they hope construction will begin in 2027 with teams on the field by 2029.