Developer Pulls Out Of Quad Cities Multi-Modal Facility Project - News and Weather For The Quad Cities -

Developer Pulls Out Of Quad Cities Multi-Modal Facility Project

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A development deal for the private portion of the multi-modal facility in Moline has fallen through. The private developer Restoration St. Louis and the city of Moline are no longer working together on the redevelopment of the facility.

Restoration St. Louis was announced as the developer for the private business portion of the building that will house future Amtrak service between the Quad Cities and Chicago. The plan was to convert the historic O'Rourke building into market rate apartments and build a hotel on the east side of the property.

Both parties issued these statements:

"Every great project depends on a mix of good ideas, location, and timing to turn out right. Take away one of those and nothing successful can happen. The historic O'Rourke Building certainly deserves a new life, and the opportunity of passenger rail service offers it a chance to truly shine. I have a great deal of respect for Moline and its public development partners for attempting to do something wonderful at this site. Unfortunately, all of the pieces could not come together to make a project of this size a reality," says Amy Gill of Restoration St. Louis.

"The City of Moline greatly appreciates the interest shown and the commitment demonstrated by Restoration St. Louis over the past several months in moving this project forward. The company's work has allowed the City and MetroLINK to better understand the potential and the pitfalls of trying to do a development of this size on this site. We just were not able to make something of this scope fit into the budget we were able to construct with all the parties. When doing a project like this with so many different entities all of them with budgets and ideas of how to spend their money it is difficult to get an overall cohesive project to work," says Moline City Administrator Lew Steinbrecher.