At the turn of the century, a flour mill operated on the site that is now occupied by the Iowa River Power Restaurant. Construction on the present structure was completed in 1902 to house a power generating station that operated until 1964. It was sold to the City of Coralville for $1.00 and they, in turn, sold it to others who used it for storage until 1976. Conversion of the structure into a restaurant began in February of 1977. The Iowa River Power Restaurant officially opened Monday, October 24, 1977. The rest, as they say, is history. IRP serves steaks, seafood and prime rib along with a beautiful view of the Iowa River.