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Jumer's Castle Lodge owner seeks 100% tax rebate for 10 years for redevelopment of hotel property

on Sat, 07/02/2016 - 00:34   by Editor

The owner of the vacant and dilapidated Jumer's Castle Lodge in Bettendorf would be given a full rebate of all property taxes for 10 years under a proposed development agreement scheduled for consideration at next week's (July 5) city council meeting.

The agreement and proposed Tax Incremental Financing (TIF) ordinance have been given aldermen for review and the council is expected to set a date for a required public hearing on the redevelopment plan.

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