Economy

Economy & Business news

Goodbye Local Landmark

Sep 19, 2016
WVIK News / WVIK News

The long-awaited, and long-dreaded demolition of The Lodge in Bettendorf is underway. On Monday Valley Construction began knocking down the former Jumers Castle Lodge.

credit apartmenthomeliving.com

Housing developers from Ohio may spend $66 million to acquire and redevelop two apartment complexes in Rock Island. Monday night, the city council will consider providing tax-increment-finance help for Millennia Housing Development, to renovate the Century Woods and Heather Ridge Apartment Complexes. 

The Lodge

A Quad Cities landmark will soon be torn down. On Monday a private ceremony will be held to mark the beginning of demolition at The Lodge, formerly Jumers, in Bettendorf.

First opened in the early 1970's, the hotel closed last year and its contents were sold at auction.

WVIK News / WVIK News

Plans are being made to build more apartments and a new hotel in downtown Moline. Tuesday night the city council will be asked to approve several projects.

Planning and Development Director, Ray Forsythe, says one proposal would convert the upper floors of the Chase Bank Building into 31 apartments, while another would convert the Fifth Avenue Building into what he calls a "high end, full service hotel."

Deere & Company

One of the top leaders of Deere and Company is going to retire. Monday the company announced Michael Mack will retire November lst - currently he's Group President, John Deere Financial Services, Global Human Resources, and Public Affairs.

During his more than 30 years with the company, Mack has worked in four business divisions. He was named Vice President and Treasurer in 2004, Senior Vice President and Chief Financial Officer in 2006, and became President of Worldwide Construction and Forestry in 2009. 

WVIK Staff

After four years and $15 million, plans to bring a Wal-Mart store to Rock Island have been canceled. Yesterday, the company announced it will not "pursue development of a new store" at the Watch Tower Plaza site on 11th Street.

Michelle O'Neill / WVIK News

Walmart says it will not build a new store in Rock Island. This afternoon, the company announced in a news release, it will not "pursue development of a new store" at the former Watch Tower Plaza on 11th Street.

in collaboration with summer 2016 data visualization course, Dept. of Computer Science, NIU (Mohammed Jaffer Ali)

In just four years, thousands of video gambling machines have popped up in bars and restaurants across Illinois, providing revenue for local and state governments, and competition for casino boats.

WVIK News / WVIK News

Work will begin soon to convert more old buildings in downtown Davenport into more loft apartments. Wednesday developers John Ruhl and John Carroll broke ground for the Pershing Hill Lofts, at Pershing Avenue and East 5th Street.

Renew Moline and the City of Moline

Without knowing when Amtrak service will finally connect the Quad Cities with Chicago, the city of Moline continues to move forward with the design of its train station. Tuesday morning, city officials and Renew Moline unveiled a new logo for "The Q," or the Quad Cities Multi-Modal passenger rail station.

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