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Moline Hotel Agreement

WVIK Staff

Hoping to prevent rising costs from blocking construction of a new Amtrak station and hotel in downtown Moline, city officials have re-negotiated their agreement with the developer. And tonight, they'll ask aldermen to approve an incentive for Moline Promenade Investors.

City administrator Lew Steinbrecher  says the original agreement was signed in the fall of 2013, but nearly a year and-a-half later, the estimated cost has gone up 2.7 million dollars. 
The developer has agreed to accept a 1.9 million dollar rebate from the city to defray part of the higher cost of the project. 

Rebate from tax increment financing revenue.

  Moline Promenade Investors is owned by the Amin Group which owns the nearby Radisson Hotel. And it says construction on the station and hotel could begin this summer with completion in two years. 

A native of Detroit, Herb Trix began his radio career as a country-western disc jockey in Roswell, New Mexico (“KRSY, your superkicker in the Pecos Valley”), in 1978. After a stint at an oldies station in Topeka, Kansas (imagine getting paid to play “Louie Louie” and “Great Balls of Fire”), he wormed his way into news, first in Topeka, and then in Freeport Illinois.