River80 Development Plan In Davenport - FOX 18 Quad Cities News and Weather

River80 Development Plan In Davenport

Posted: Updated:

 

Davenport city council members vote unanimously to go after a share of $100-million coming from the state and it's "Reinvestment District Program".
 
If the application is approved this is what that money would help pay for. A 25 acre spread near Interstate 80 and 74 including a handful of components, specialty retail, an outlet mall, a 200 room hotel complex, a continuous wave aquatic facility and a theater performance venue are expected.
     
All of it is expected to brings millions to the city, county and local school districts along with one-thousand jobs. While some residents stood up to question the cost, aldermen say at this point they are approving an application.

"This is extremely competitive. The major municipalities throughout the state are looking at this. For us to be successful we have to score at least 70 points out of 100," Alderman Barney Barnhill said. "There are seven criteria, two of those are 25 points, uniqueness and economic impact. It seems to me this is not an easy thing, we have no guarantee that we're going to be successful."
   
Bettendorf and Muscatine are also pitching projects to the state. Applications are due by the end of the week with preliminary approval set to come in June.

 

 

Powered by WorldNow