Plans for a new $20 million parking structure in Dubuque could be accelerated to help ensure a deal in which two major local businesses buy one of the city’s largest buildings. City Council members voted, 5-0, on Monday night to set a December 16th public hearing on a proposed development agreement among the city, insurance broker Cottingham & Butler, financial services company Heartland Financial USA and the two companies’ partnership entity, Roshek Property LLC. Cottingham & Butler and Heartland Financial intend to close on the estimated $12 million purchase of the Roshek Building by the end of the year. The new development agreement with the two companies also requires the city build a new 500-space parking structure by December 31st, 2022, to accommodate the influx of employees and to install lighting and call boxes between the new ramp and Roshek Building.
