1055 University Ave, Dubuque, IA 52001
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Roshek Property to be Sold

Two major companies in Dubuque are prepared to buy the Roshek Building from a non-profit called Dubuque Initiatives. Heartland Financial USA and Cottingham & Butler want to buy the building from DI. These two companies, already have office space inside the Roshek Building. The two companies want to buy the building due to growth. Both companies would move employees to the building and take up more space. According to the city council agenda, the companies are committed to investing $2.8 million dollars into the building through 2021. They will also create 32 full-time positions and maintain those through June 2030. The City will identify a location for a 500-space parking structure to accommodate the influx of employees in the downtown area. The City Council Monday will vote to set a public hearing for December 16th on a proposed Development Agreement and providing for the issuance of Urban Renewal Tax Increment Revenue Grant Obligations.

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