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Iowa Finance Authority reviewing decision to lease new space

June 6, 2018

DES MOINES, Iowa (AP) — The Iowa Finance Authority is reviewing a decision to lease new office space.

The agency’s board of directors Wednesday requested an external review of a decision to spend $17 million on new leased space rather than rehabilitate its current space.

The Iowa Executive Council approved a long-term lease in February at the request of authority director Dave Jamison, who Gov. Kim Reynolds fired in March after allegations of sexual harassment.

It was later discovered the five-member council wasn’t told renovating the existing space could save $6 million. The landlord told the agency a buyout of the lease would cost $5.75 million.

A Reynolds spokeswoman says whether to continue the relocation is part of the review. An agency spokeswoman says the review is expected to take about a week.

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