Davenport Offers Tax Incentives To Drive Brady St. Business - News and Weather For The Quad Cities -

Davenport Offers Tax Incentives To Drive Brady St. Business

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Driving along North Brady Street, you might see a lot of signs advertising empty buildings and lots, where several businesses once stood.    

Perhaps no one's noticed the changes more than the neighbors across the street at Carpetland USA. 

"It was pretty full of businesses," Carpetland USA President & CEO Eric Langan says, "I remember the days of Chi Chi's being across the street and Lone Star restaurant; it's had its hey days, and I don't think we're too far removed from there." 

Carpetland USA has been in the area for over 40 years, and though the vacancies haven't affected business, the owner says they'd like to see some new development.  

"I don't think this area can take too many more vacancies as far as lots or empty buildings and expect tenants to stay," Langan says. 

The Salvation Army thrift store nearby hasn't taken a hit in business either, but says one way traffic might play a role in the success of others here. 

"Generally if I'm going up a one way and I'm not familiar with the area, I really don't want to turn around to make that U-turn and waste gas to go and find something to eat, I'd rather keep going up," Store Manager Shonda Carter says. 

While businesses have come and gone in the area, the city is offering tax incentives to bring business back, through city officials say that's hard to do with one way streets. 

"Brady Street is basically an arterial thoroughfare where people are going out of town, not coming into town," 7th Ward Alderman Barney Barnhill says. 

City officials say two way traffic here isn't doable right now, so the city is offering a couple options.  

"One is URTE, that's Urban Revitalization Tax Exemption, that's our number one program, we can exempt taxes for ten years as an incentive to come locate here," Barnhill says, "Another one is the Enterprise, a state program." 

The city is trying to give new businesses a break on taxes to hopefully revitalize the area. 

"Brady street hill has a lot of potential. With some good re-investments, some good business people and maybe some TIFs or incentives, we could repopulate this area and make it thriving once again."