The Coralville City Council voted unanimously Nov. 23 to sell another lot on the Iowa River Landing.

The lot, located east of Second Street and south of Interstate 80, will be sold to former Iowa wrestler Lincoln McIIravy, who intends to build a 100-room Homewood Suites with retail space on the first level.

Coralville City Councilor John Lundell said the retail space will be owned by the city to begin with, but may be leased or sold depending on arrangements with future tenants.

The council is also evaluating a $22 million parking ramp to support the medical facility and retail businesses on the landing, Lundell said.

"[The Iowa River Landing] will become a destination for the area and create a neighborhood that will be vibrant both during the week and on weekends," he said.

A public hearing to discuss the city’s plans to issue bonds to finance the project is scheduled for Dec. 14.

The new hotel and parking are expected to be completed in 2012.

—by Hayley Bruce