An analyst hired to conduct marketing research has proposed a development near Jumer’s Casino in Rock Island that would include large and small commercial properties, restaurants and apartment buildings.
During a presentation Monday to the Rock Island City Council, Errin Welty of Wisconsin-based Vierbicher said she recommended a project at Jumer’s Crossing that would include of about 58,000 square feet of service and commercial retail, such as restaurants, gas stations and small retail stores, 214,000 square feet of “large format” retail, such as a large retail store or an outlet mall, and 75 multi-family residential units.
The proposal could generate about $2.4 million in annual sales and fuel tax revenue for the city, and about $450,000 in annual property tax revenue, Welty said.
Welty said her research included interviews with developers from the Quad-Cities and from outside the area.
The council voted earlier this month to buy about 91 acres of Big Island land for about $1 million for the purpose of developing it.
Therrin Protze, president and general manager of Jumer’s Casino & Hotel in Rock Island, said the project would create cross-promotional opportunities between the development and the casino and help make the entire area more marketable.
Alderman P.J. Foley, 3rd Ward, said he thought the development would complement the casino.
“This is a very exciting opportunity, an exciting time for Rock Island,” he said.
Mayor Dennis Pauley also touted the development plan as a way for the city to partner with Jumer’s.
“I think this is an excellent opportunity,” he said.
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Alderman Joy Murphy, 6th Ward, said she had expected the proposed development to be “a lot of concrete,” but was pleased to see the inclusion of greenspace.
Welty said the requirements to control storm water runoff from the property created opportunities to develop small ponds, greenspace and possibly recreational opportunities in the development.
Welty said the process of getting necessary approvals, building the base infrastructure and marketing the site would take 12 to 18 months, and it would take another three years to fully develop the site.
City Manager Thomas Thomas said the city also is waiting for approval from the village of Milan and the Big Island River Conservancy District for proposed changes to the levee system that would be necessary for the development.
Assistant City Manager Robert Hawes said getting approval for the levee changes from the U.S. Army Corps of Engineers also could take about 18 months, but that work could be done concurrent with other work on the project.