Bettendorf could become home next spring to one of the largest youth sports complexes in the region, developers announced Friday during a news conference at City Hall.
Lead investor Doug Kratz unveiled the plans for BettPlex, a 78-acre indoor/outdoor facility and adjacent family entertainment center near Middle Road and Interstate 80 in Bettendorf.
If developers can secure financing for the $45 million project, they hope to break ground this spring on land near the corner of Middle and Forest Grove roads.
“Time is of the essence,” Kratz said. “We do not want this to fail.”
Developers, who plan to invest at least $7 million, are seeking $10 million from the city, which aldermen will have to approve.
Kratz, a “semi-retired” banker, said he is working with numerous financial institutions in the Quad-City area to cover the remaining costs.
“At the end of the day, it’s not about me,” said Kratz, who hopes to confirm necessary financial partnerships within the next two weeks. “We can’t make this happen without local banks … we’re hoping they put the community ahead of shareholders.”
At completion, a roof will cover 265,000 square feet, or a little more than six acres, of the facility, which will include a full-size soccer field, the only one of its kind between Chicago and Kansas City.
The turf also will accommodate baseball, softball, lacrosse, wrestling and volleyball.
Bettendorf Mayor Bob Gallagher said Kratz’s plans match the city’s vision for a sports complex, which they made a priority five years ago.
“It’s an amazing step forward,” he said.