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Sports complex development agreement released; public hearing set for Feb. 15 council meeting

on Sat, 02/12/2022 - 03:06   by news
Scott County opposed to use of new tax incentives for hotel, retail and commercial service businesses in proposed urban renewal area

The agreement providing millions of dollars in tax rebates for expansion of the sports complex at Forest Grove and Middle Roads was released Friday afternoon (2/11), less than three days before the Bettendorf City Council holds a public hearing and votes on it.

The council has discussed the agreement in so-called "3-on-3 meetings" outside the public view for months, but has yet to talk publicly about the multi-million-dollar Tax Increment Finance (TIF) deal with developers Doug Kratz, Kevin Koellner and Ryan Hintze.

It is possible the city council could approve the deal without any members even expressing their views on the agreement.

The agenda for the council's committee-of-the-whole meeting at 5 p.m. Monday (2/14) includes a presentation by the city's Director of Economic Development Jeff Reiter. No public comments are allowed at those sessions.

The council is then expected to hold a public hearing and approve the development agreement at its 7 p.m. Feb. 15 meeting.

CLICK HERE to download the proposed development agreement.

Bettendorf would add three traffic roundabouts under Forest Grove Drive and Middle Road intersection plan going before city council

on Tue, 06/01/2021 - 05:03   by news

Forest Grove Dr. and Middle Rd. corridor improvements projected at $11.46 million; city share estimated at $5.5 million

CLICK HERE to view web site created by project's engineering firm.

Bettendorf was one of the first communities in Iowa to install a traffic roundabout back in 2002.

Now nearly 20 years later, the city is planning to quadruple the number of roundabouts under a traffic plan being proposed for the congested Forest Grove Drive and Middle Road corridor.

Bettendorf taxpayers would fund position to market private sports complex under city staff proposal

on Tue, 09/17/2019 - 22:01   by news

Just weeks after facing public criticism for not fully staffing its three fire stations, Bettendorf aldermen are poised to approve spending $35,000 a year to help pay the salary of a new marketing position primarily benefiting the privately owned TBK Bank Sports Complex.

The city would contribute $35,000 annually for "a minimum of two years" to "Visit Quad Cities" (formerly the Quad Cities Visitors and Convention Bureau) under the deal, scheduled for approval at tonight's (9/17) city council meeting.

Bettendorf sports complex developer wants to split future sales tax rebates rather than pay $556,000 due under development agreement with city

on Fri, 01/11/2019 - 21:43   by news

The developer of the Bettendorf sports complex wants the city to accept a portion of state sales tax rebates over a 10-year period, rather than pay $556,000 now owed under terms of the 2017 agreement.

The agreement with developer Doug Kratz set a cap of $3.87 million on city paid infrastructure for the so-called Bettplex at Middle Road and I-80. However, the cost of the streets, sewers, storm water detention and walkways exceeded that by $844,000.

Sports complex owner wants extra large sign to make sure motorists will see from interstate

on Tue, 02/06/2018 - 23:13   by news

The sports complex being built at Forest Grove and Middle Roads is asking the Bettendorf Board of Adjustment to approve an extra large sign so motorists won't miss it as they whiz by on Interstate 80.

The sports facility – initially known as the Bettplex and recently renamed TBK Bank Sports Complex – wants a sign nearly four times larger than the permitted 300 square feet.

The city's board of adjustment will consider the request for a variance to permit the 1,146 square foot sign at its Thursday (2/8) meeting.

Plan submitted for first commercial development at sports complex; Middle and Forest Grove Road intersection upgrade yet to be finalized

on Fri, 10/27/2017 - 20:34   by news

Plans for two commercial buildings and a restaurant – part of the sports complex at Middle and Forest Grove Roads – are headed for Bettendorf City Council approval, but improvements to that key intersection have yet to be finalized by the city.

Iowa awards up to $2.5 million in sales tax rebates to sports complex; annual sales projected at $7 million

on Tue, 10/17/2017 - 21:48   by news

The Bettendorf sports complex under construction at I-80 and Middle Road was awarded up to $2.5 million in state sales tax rebates recently (10/11) based on the developer's estimate more than $66 million in sales will be generated over the next 10 years by the project.

Bettendorf sports complex building permits $8 million less than specified in development agreement

on Tue, 09/05/2017 - 20:17   by news

Building permits issued for the Bettendorf sports complex at Middle and Forest Grove Road total $38 million, some $8 million less than the $45 million value specified in the agreement with BettPlex developer Douglas Kratz.

Meanwhile, the cost of city infrastructure – sewer lines, stormwater facilities and street improvements to serve the 79-acre complex – is expected to be well above the $3.87 million specified in the same development agreement.

The sports complex builder, Build To Suit of Bettendorf, obtained the building permit August 28. The permits listed the building cost of $28.6 million, electrical work $4.11 million, heating/air conditioning $1.85 million and plumbing costs of $950,000, for a total value of $35.5 million. Two months ago, the developer obtained a permit for the sports complex foundation for more than $2 million.

Mayor enlists friends to lobby fellow city council members; push for city sports complex incentives

on Mon, 05/01/2017 - 18:25   by news

Bettendorf Mayor Bob Gallagher – apparently fearing fellow city council members might reject millions in taxpayer funded incentives for a proposed sports complex – sent an email to friends and associates last week urging them to lobby the city council in support of the venture.

"I have learned that people who detract from projects organize and gather to be heard," Gallagher wrote in the email. "While those who trust their elected officials and support wonderful projects, usually don’t make it a point to be heard. That is human nature. I need you to please be heard on this one!"

Gallagher attached a copy of a "city incentive versus city benefits" memo which claims the $45-million sports complex would provide a $2.95 million "net benefit" to the city. However, the analysis failed to include an estimated $14 million in tax rebates the developers would receive under the 20-year Tax Increment Financing (TIF) deal.

Bettendorf betting $11.2 million on sportsplex to kickstart development at I-80 and Middle Road

on Mon, 03/06/2017 - 22:00   by Editor

After secret briefings given Bettendorf aldermen in mid January, the city added $11.2 million in bonds to its proposed budget to pay for roads, sewers, stormwater detention and developer loans and rebates for a sports complex at Forest Grove and Middle Road.

According to documents and emails obtained by Bettendorf.com through a Freedom of Information request, city officials in those non-public sessions discussed with aldermen the impact the sports complex would have on next year's capital improvement plan (CIP), city tax levy and debt margin.

The project was outlined a month later at a news conference Feb. 17 by Mayor Robert Gallagher and developer Douglas Kratz, but aldermen have yet to publicly discuss the sport complex plans or its financial impact on city finances at an open city council meeting.

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