The Community Plaza in Oelwein will be demolished after falling into disrepair, according to KCRG. The building which sits at 25 West Charles Street has cracks in the wall and water issues. The bridge structure underneath is also not sound. The plaza will close on the 30th and will be torn down in the fall. The old Dollar General building downtown will be renovated to replace the Community Plaza. The new facility will have a meeting area and will hold more than 450 people for events. That project is expected to cost $3.2 million. Community Bank of Oelwein has pledged $250,000 to the project with the rest of the money expected to come from grants, individual donors, and local charitable foundations. Organizers hope the new venue will bring more people to Oelwein.