Advocates ask Bettendorf to invest $4.3 M in I-80 development -QCTimes
"Seeing an opportunity to create thousands of new jobs, millions of square feet of office and retail space and as many as 10,000 new housing units, the Bettendorf Development Corporation has agreed to ante up $500,000 to expand water and sewer lines to Interstate 80 and Middle Road if the city invests $4.3 million in the project.
Rob Fick, president of the private, non-profit community development organization, and developer Kevin Kellner, who also is a member of the group, told the Bettendorf City Council it is essential to invest a total of $6.8 million worth of improvements to attract high-tech companies in economic sectors such as insurance, health care, finance, multi-nationals and graphic production.
Van Dyke said the project is ripe for grant money because it will create up to 16,500 new office jobs. “The whole crisis with the state is about income tax. Creating new employment creates income tax and helps solve the problem.”I wonder why they stopped at 16,500 jobs? Were 17,000 or 20,000 just too silly? And 10,000 new housing units also seems like a lowball estimate. Surely if all of these acres were covered by 60 story buildings they could fit way more jobs and residential units in than that. After all, the location has such a beautiful view of... nothing, and quick access to the same interstate that every other business/commerce park in the Iowa QC already offers... All it takes a little sprucing up and multinationals will be beating down Bettendorf's door.
This relegates the previous champion of great expectations , former Alderwoman Howard's claim that the Freight House Farmer's Market would create $50+ million in surrounding development, to a distant second place.
Niky Bowles's "best development ever" is sadly knocked down to third place.