New Life for The Quarter ?
A long-stalled development project in East Moline may be revived. Monday night the city council discussed possible plans to build new housing in The Quarter, located along the Mississippi River and behind the Deere Harvester Works.
City Administrator Doug Maxeiner says about 20 years ago the city spent a lot of money preparing the property for private development that never progressed beyond a visitors center and two buildings with a total of four units. But now Bagby Construction may be interested in working with the city.
"The city would install the infrastructure - extending the streets, the water, and the sewer - into the various locations where he would be building. The developer would build the houses or the units, and then upon closing or the occupancy of that unit, the builder would pay the city a pre-determined amount per unit to help us pay back the infrastrucuture costs."
In the first phase, Bagby would build 26 more units, in 13 buildings, then follow up with seven more buildings and 14 units.
Maxeiner says each phase would cost East Moline 400,000 to 500,000 dollars, with payback beginning in about five years.