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DEVELOPERWORKSHOP
OCTOBER 18, 2011
Market Opportunities
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Moline and The Quad City Market
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Souce: Quad Cities First www.quadcitiesfirst.com
Employer Employees
Rock Island Arsenal 6,000-8,500
Deere & Company 6,300
Group O Companies 800
Kone 450
United Healthcare 520
Mid American Energy 1,025
Alcoa 2,250
Trinity Regional Health System 2,900Genesis Regional Health System 4,900
Major Employers with Potential Impact On Site Development
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Developmental Context
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History of Public/Private InvestmentDowntown Investment
Private Investment Public InvestmentProject City State Federal
i-Wireless Center $6,745,427 $15,821,930 $20,000,000 $800,000 Heritage Place $13,000,000 $3,100,000 $0 $0 LeClaire Hotel $9,500,000 $1,000,000 $0 $0 John Deere Commons $15,000,000 $2,000,000 $0 $0 Riverfront Mixed Use $9,000,000 $25,000,000 $0 $0 Heart of America $4,577,500 $1,200,000 $0 $0 Watermark Corners $1,400,000 $210,000 $0 $0 Caxton Block $5,500,000 $825,000 $0 $0 Red Cross HQ $2,300,000 $0 $0 $0 Quad City Rowing Club $750,000 $0 $0 $0 J D Collectors Center $5,000,000 $750,000 $0 $0 Fifteenth Street Stretscaping $0 $763,000 $0 $0 Bass St Landing Public Imp. $0 $5,250,000 $0 $3,000,000 Three Kings of Moline $510,000 $90,000 $0 $0 Reliance Building $935,000 $165,000 $0 $0 Stoney Creek Inn $6,200,000 $3,800,000 $0 $0 Uniform Den $360,000 $90,000 $0 $0 Gateway Lofts $1,800,000 $183,064 $0 $0 Enterprise Lofts $12,000,000 $200,000 $0 $0 KONE Tower $0 $0 Washington Sq. Apartments $0 $100,000 $0 $1,522,000 WIU Riverfront Campus Ph 1 $0 $0 $15,000,000 $0 Indecco building $0 $160,875 $0 $0 corner lot 17th St & River Dr $0 $199,125 $0 $0 John Deere IT Parking $0 $527,900 $0 $0 Amtrak Station $0 $1,300,000 $0 $0 Hendricks property $0 $1,365,140 $0 $0 JDC Riveredge $0 $0 $454,900 $0 River Drive Streetscaping - 25th St - 34th St $0 $0 $838,357 $0 Metro Transit Facility $0 $0 $0 $3,153,000 River Drive Reconstruction $0 $0 $0 $599,000 Police Station $0 $12,010,143 $0 $0
United Health Care Parking Deck $0 $4,480,032 $0 $600,000 Heritage Parking Deck $0 $3,277,383 $0 $0 Midtown Parking Deck $0 $7,601,712 $0 $0 RiverTech BoulevardFifth Ave. Reconstruction Ph 1 $0 $1,601,800 $0 $960,000
$94,577,927 $93,072,104 $36,293,257 $10,634,000
Total Investment $234,577,288
More than $300 million
public/private dollars
invested in more than 35 projects over
the last 15 years.
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Development Drivers: Visitors, Tourists and the Train
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Population 584 10,778 180,937 380,829
Households 203 4,143 75,625 153,835
Avg Person Per Hshld
2.81 2.56 2.32 2.42
Median Hhld Income
$30,822 $42,166 $48,151 $51,378
Median Age 30.1 32.1 38.0 39.0
Housing % Own 28.6 % 44.6 % 58.1 % 65.2 %
Housing % Rent 53.2 % 42.7 % 31.6 % 26.5 %
Employees/Businesses
1,785/120 7,428/612 119,586/8,685 195,518/15,848
Within ¼ MI Within 1 MI Within 5 MIWithin the MSA
Region
Development Drivers- Market Area Populations
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Development Drivers- Tourists and Visitors
•I Wireless Center•John Deere Pavilion and Commons•Centre Station•Riverfront Bike Paths and Chanel Cat Taxi•Business Travelers•Education and University
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Trends to Build Upon• Public and Private sector commitment to Moline and downtown Moline.• Growth and Development of Western Illinois University Downtown
Campus; Entrepreneurial Corridor• Proven strength of market: “Affordable” and market rate rental housing;
loft and renovated housing in the downtown• Hotels, particularly long term stay and moderate/first class downtown
properties• Daytime employee support for restaurants, specialty and service stores.
Proximity of 5th Avenue and River Drive restaurant/specialty corridor• Medical/Professional office markets• Embracing THE river• Regional Sports (ASA Softball and iWireless)• Strength of downtown market and activity• The Train and the continued building of the city and the region
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