PELLA — The Pella City Council held a public hearing for the development of the upcoming local Smash Park.
Smash Park is an "entertainment" venue that combines food and drink with concerts, games, and other community events. The franchise is growing towards its first expansion in Iowa. The park will be located just south of Highway 163 at exit 40. One location is in West Des Moines, and another is proposed for Omaha.
The council previously approved a resolution with RDP Holdings to outline what both the city and developer will do while creating the park.
While going over the new developments, City Administrator Mike Nardini said the park will help stimulate economic development for the city.
The park facility is currently slated to be completed by December of 2022. One of the upcoming projects related to the park is building a fast-casual restaurant by December of 2024.
RDP Holdings also has the responsibility to sign a minimum tax assessment of $5 million with a 2 percent annual increase for Smash Park. The company is also signing a minimum tax assessment of $2 million with a 2 percent annual increase for the restaurant.
In turn, the city of Pella will provide a $2 million construction grant to the developer. $1.5 million will be paid within 150 days for a certificate of occupancy for Smash Park. The remaining $500,000 will be paid within 30 days for a certificate of occupancy for the restaurant.
The next Pella City Council meeting will be on Sept. 21, beginning at 6 p.m.