- Associated Press - Wednesday, March 12, 2014

DAVENPORT, Iowa (AP) - Davenport is seeking $17.5 million from the state for a $71.5 million project in a redevelopment area that would include a hotel, waterpark and performance venue adjacent to a planned casino.

The City Council is scheduled to vote on the application at a Wednesday night meeting, the Quad-City Times reported (http://bit.ly/Ptsj9m ). Officials are expected to submit it to the state by a Friday deadline.

Redevelopment in the area near the intersection of Interstate 80 and 74 will also include mixed commercial and residential development. The total price tag is $250 million.

City staff quickly put the application together after Davenport City Administrator Craig Malin presented a concept to aldermen at a recent City Council meeting.

“I don’t really see a downside to it,” said Dan Kehl, who is developing a $110 million casino and 95-room hotel near the proposed project. “It actually fits nicely with what we are trying to do.”

Iowa’s reinvestment district program has $100 million available for cities and counties in the state that meet certain requirements in their development projects. Applications are for no more than 35 percent of the project’s cost.

Preliminary applications will be scored in June. Kehl isn’t concerned about how that affects the construction timeline for the casino, which is expected to have a groundbreaking this fall.

“Six months in either direction isn’t the end-all if it makes a better project,” he said. “If things need to slow down for a few months, so be it.”

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Information from: Quad-City Times, http://www.qctimes.com

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