tag:blogger.com,1999:blog-12726606.post7469269124426870723..comments2023-11-03T06:29:15.083-05:00Comments on Quad City Images: Downtown News: Davenport and MolineQuadCityImageshttp://www.blogger.com/profile/07503485646277987317noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-12726606.post-7880559972021400752007-09-27T15:37:00.000-05:002007-09-27T15:37:00.000-05:00No, they paid big bucks ($739,000) for the entire ...No, they paid big bucks ($739,000) for the entire Mississippi Hotel. Then they tore down part of it, and sold part of it. Judging by the Parcel Summary,the city sold that part for about $500k to the current developer/operator.QuadCityImageshttps://www.blogger.com/profile/07503485646277987317noreply@blogger.comtag:blogger.com,1999:blog-12726606.post-10284685839680393412007-09-27T14:44:00.000-05:002007-09-27T14:44:00.000-05:00Didn't they buy the Mississippi Hotel for a $1 and...Didn't they buy the Mississippi Hotel for a $1 and then sell it to the Adler and the loft people at market value?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12726606.post-26576431121177798802007-09-27T11:19:00.000-05:002007-09-27T11:19:00.000-05:00IOC needs the City Middle Man so it can get a big ...IOC needs the City Middle Man so it can get a big fat tax writeoff while extracting other things of value from Davenport. I'm either cynical or seeing nickles.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12726606.post-63425889390433764522007-09-26T13:53:00.000-05:002007-09-26T13:53:00.000-05:00The city is not "taking over the Blackhawk".It alr...The city is not "taking over the Blackhawk".<BR/><BR/>It already has a third-party developer - with an incredibly impressive track record of taking buildings just like the Blackhawk, but in worse shape and in worse neighbhorhoods - and rehabbing them into gems.<BR/><BR/>Getting that historic building out of the hands of the do-nothing IOC and into the hands of people who are demonstrably willing and able to turn it back into a key cornerstone of downtown cannot be anything but a good idea.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12726606.post-56067809551152892302007-09-26T12:10:00.000-05:002007-09-26T12:10:00.000-05:00Why would Davenport want to buy the Blackhawk from...Why would Davenport want to buy the Blackhawk from the IOC and take on those liabilities. Why doesn't the IOC sell it directly to the developers? Why is a middle man needed?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12726606.post-19907512201301928002007-09-26T10:45:00.000-05:002007-09-26T10:45:00.000-05:00So, we are losing the sad robot at 4th and Iowa. ...So, we are losing the sad robot at 4th and Iowa. It will make that corner look much nicer. Glad to see things happening downtown again.Anonymousnoreply@blogger.com