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Des Moines, IA (2019)

Des Moines Heritage

NMTC financing supported the creation of the Des Moines Heritage Center which was comprised of the restoration of the historic 1909 East Des Moines Union Depot and the construction of a new 6,500 sq. ft. event center located in Des Moines, Iowa.

Investment

  • NMTC Amount: $2,000,000
  • Total Project Cost: $4,167,083

IMPACT

  • 33 FTE jobs
  • 20 construction jobs
  • Provide a home for other nonprofits which will provide a mailing address, shared office space, board room use and event space for educational or cultural activities.
  • 6,500 sq. ft. of real estate

Investor

Project Description

NMTC financing supported the creation of the Des Moines Heritage Center which was comprised of the restoration of the historic 1909 East Des Moines Union Depot and the construction of a new 6,500 sq. ft. event center located in Des Moines, Iowa. The building is owned by Des Moines Heritage Trust, an Iowa nonprofit corporation. The Des Moines Heritage Foundation is a nonprofit dedicated to the preservation of historic buildings in the Des Moines metropolitan area. This project will preserve the 1909 East Des Moines Union Depot built by F. M. Hubbell in 1909. The landmark building in the Historic East Village served as the union depot of four railroads coming into Des Moines on the east side of the river. This preservation eliminates a blighted warehouse building attached to the depot and restores an overgrown property. The updated space provides a home for nonprofits to utilize shared office and board room space, as well as feature an event center for educational and cultural activities to ensure economic sustainability.

MAP

Address: 120 East 5th Street, Des Moines, IA 50309

Census Tract: 19153005100

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