The Moline School District may help a private company develop some property. Monday night the board of education will consider a request from Dolan Commons for 1.2 million dollars in property tax rebates.
Chief Financial Officer, Dave McDermott, says Dolan is planning an 11.4 million dollar project for the corner of Avenue of the Cities and 27th Street.
A gas station and restaurant have been demolished on the site, and it also includes a former Aldi store. Dolan wants to turn that into apartments, and put up a commercial building next door.
The property tax rebates from the school district would be spread out over 12 years, and start when Dolan completes phase 1 of the project.
McDermott says the last time the Moline School District helped out with an economic development project was 12 years ago when it approved similar assistance for the planned expansion of Elliott Aviation.
The company has also asked the city of Moline to rebate some of the site's future property taxes.
