Cedar Rapids City Council votes to sell park - KTTC Rochester, Austin, Mason City News, Weather and Sports

Cedar Rapids City Council votes to sell park

Posted:
CEDAR RAPIDS (KWWL) -

The Cedar Rapids City Council has voted to sell a city park to a corn processing company so it can expand and create more jobs.

Monday night the council unanimously approved the sale of Riverside Park to Penford Products.

 The 8.5 acre sold for $1.67 million.

Penford employs 250 people at its plant, which processes corn into starch products and ethanol.

Under the agreement, Penford will have three years once it takes possession of the land to begin its expansion.

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