Historic tax credits to Andrew Wold to be rescinded following ongoing legal action from partial building collapse
Mason Cooper
Updated on March 15, 2026
The State of Iowa announced historic tax credits awarded to Davenport property owner Andrew Wold will be rescinded.
Wold owned the six-story The Davenport apartment building, located at 324 Main St., Davenport, which partially collapsed on May 28, killing three people. According to the ‘Cedar Rapids Gazette,’ the Iowa Economic Development Authority issued a “notice of default” on nearly $900,000 in historic tax credits. The money was intended to fund renovations at a different apartment building owned by Wold.
The notice cited ongoing legal action against Wold stemming from the building collapse.
