WATERLOO, Iowa (AP) — A long-closed dog racing track in Waterloo would become the headquarters for a trucking company under plans released by the business.
Dick Donnelly, president of Waterloo-based Warren Transport, said the company hoped to close on the purchase of the former Waterloo Greyhound Park within months.
The company would build its headquarters at the 64-acre site near the intersections of U.S. Highways 20 and 63.
Warren said the company and the National Cattle Congress, which owns the property, agreed on a price “in principle.” He declined to name the price, noting that some details still had to be worked out.
“We're working through the legal technicalities,” he said. “Hopefully we'll have it done by mid-August or September.”
The track closed in the mid-1990s and has been largely unused.
Cattle Congress Chairman Wally Mochal said the organization was asking $1.9 million for the property. He also declined to disclose the agreed-upon sale price.
“The good news, if we can all make this happen, is that the greyhound park will disappear, and there will be a bright and shiny truck terminal with a major employer in the community,” Mochal said.
He said problems yet to be resolved include easements involving MidAmerican Energy and a lien on the property held by the Meskwaki Nation, which bailed the Cattle Congress out of bankruptcy in the 1990s.
Warren employs 190 people. Donnelly said the new site would give the trucking company room to grow, though he didn't know when that additional employment would take place.
“One step at a time right now,” he said.
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