Siouxland Sports Academy partners with developers on new facility

SIOUX CITY (KTIV) – Siouxland Sports Academy has partnered with a developer who wants to build a $5 million, 65,000 sq ft multi-sport complex next to Lewis and Clark Park, in Sioux City.

Details of the project are contained in documents the city council will use to decide whether to accept the proposal of Siouxland Developers, L.L.C., to buy land at 3400 Line Drive.

As of now, documents show the 2.3 acres of land targeted for development serves as a parking lot at Lewis and Clark Park.

Documents say the proposed facility will include five basketball courts, which can also be used as nine volleyball courts, a batting cage, state-of-the-art weight room, dance academy, upscale concessions area, locker rooms, offices and outdoor patio seating.

Developers claim the facility will provide “year-round athletic opportunities for the region, including youth sports training programs, multi-sport leagues and tournaments, athletic showcase events, multi-court facility rentals, coaching clinics,” and more.

As part of the proposed agreement, Siouxland Developers, LLC will:

• Purchase the Development Property from the City for $50,000.
• Commit to investing $5 million to construct a new 65,000 SF sports complex.
• Complete development of the property no later than December 31, 2026.
• Enter into a minimum assessment agreement of $4 million for a period of 15 years beginning January 1, 2027. Enter into a Shared Parking Agreement with the City and the Explorers to allow use of the adjacent city-owned parking lot for its patrons. Developer agrees to pay the city $5,000 per year for use of the parking lot.

As part of the proposed agreement, the city will:

• Sell the Development Property to the Developer for $50,000.
• Provide property tax rebates on the new incremental taxes created by the value added to the property for a period of 15 years as follows: 100% for 5 years, 85% for 5 years, 70% for 5 years.
• Enter into a Shared Parking Agreement with the Developer and the Explorers to allow use of the adjacent city-owned parking lot for the Developer’s patrons.

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