Bettendorf May Seek State Financing For Sports Facility Complex - News and Weather For The Quad Cities -

Bettendorf May Seek State Financing For Sports Facility Complex

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A new hotel, business park, and shopping center may join a sports complex on Bettendorf's northern edge.

The city council will vote on whether to approve applying for $62 million in state financing to help see the project become a reality.

The city's committee of the whole approved sending the issue to a vote during Tuesday's city council meeting.

It will decide whether to apply to the state's reinvestment district program.

It's a new state economic development tool, where state approved projects will receive a portion of the state's share of hotel and sales taxes in these areas.

The proposal for Spencer Creek includes the sports facility, a shopping area, business park, and hotel.

The city's economic development director Steve Van Dyke, says the business park has been planned for this area for a decade.

He says the hotel and shopping center are designed to support the sports complex as well as the business park.

Van Dyke says Iowa wants game changing developments and he believes this project meets that goal.

"The state wants to grow, it wants to have the right kind of jobs, it wants to have quality development occur within its borders," says Van Dyke.

If the city council votes yes, Bettendorf will send in a preliminary application to the state to try and make the final list of approved projects.

There is one hurdle currently in the way, the city won't be able to finish a feasibility study in time before the March 14th deadline.

Van Dyke says that may make it difficult for the city to make the cut.

Iowa's Economic Development Agency says it has up to $100 million to approve for projects across the state.

Projects that meet the state's criteria will file a final application next year.

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