As the Crossroads Mall gradually transforms into Corridor Plaza, the name and appearance of the property won’t be the only ones to change.
Some companies have left the mall and others may follow.
City council put in place a loan program on Monday to help businesses leaving the mall and reopening in Fort Dodge.
The council has also set aside $ 150,000 for the program.
These steps were taken on two unanimous votes.
Tenants of the mall who will be moving or who have moved since January 1, 2020 and reopen in Fort Dodge within one year of their move will be eligible for cash back loans of up to $ 10,000.
Loans can be used to pay:
Printing of business cards, invoices and other documents with the new address.
Make improvements to the new location.
The loans will be canceled over a period of two years, starting from the date of the reopening of the business at the new location. Half of the loan will be canceled on the first anniversary of the reopening of the business. The other half will be forgiven on the occasion of the two-year anniversary.
For more information on the program, contact Vickie Reeck, Director of Community and Economic Development, at 576-4551, ext. 1243.
Crossroads Plaza Development LLC, of Ankeny, the owner of the mall property, is transforming the site of a large enclosed mall into a multi-purpose building complex. An outdoor space for recreation and shows has also been offered.