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Moline rescinds portion of JCPenney redevelopment agreement after federal review cuts density
Summary
Council approved a partial rescission of a redevelopment agreement tied to a planned mixed‑use project after federal and state historic‑preservation reviews reduced the number of residential units below levels the original financing assumed.
The City of Moline on Aug. 5 approved a resolution partially rescinding a redevelopment and economic incentive agreement related to the former JCPenney site after developers reported that historic‑preservation reviews prevented the previously planned third‑floor addition.
City staff said the original redevelopment agreement —which anticipated about 32 residential units above a renovated commercial ground floor— could not proceed as originally drafted after the Illinois State Historic Preservation Office (SHPO) and reviewers at the U.S.…
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