CLIVE, Iowa (AP) — The Iowa Lottery plans to leave Des Moines for a $5.4 million building it's buying in nearby Clive.
Lottery spokeswoman Mary Neubauer told The Des Moines Register (http://dmreg.co/1fmuSTa ) that the lottery's Des Moines building at 2323 Grand Ave. needs about $7.8 million in renovations that likely would exceed the building's market value.
The Iowa Lottery Board on Wednesday will consider an agreement to buy the Clive property. If the board approves the purchase, the transaction would go to the Executive Council of Iowa for a final review.
Neubauer says lottery officials expect they'll be moving this summer or early fall.
Lottery officials anticipated a purchase by earmarking $7 million in the lottery budget for the next two fiscal years. The money comes from lottery profits.
Information from: The Des Moines Register, http://www.desmoinesregister.com