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City of Moline outlines River's Edge Redevelopment Zone, proposes tax credits and property-tax rebates
Summary
A City of Moline official presented a River's Edge Redevelopment Zone proposal to the Moline-Coal Valley board, outlining automatic tax credits, a proposed property-tax rebate of up to about 90% for 10 years for qualifying projects and plans to apply for the statewide program pending intergovernmental agreements.
Chris Ives, director of community and economic development for the City of Moline, presented a proposal to use the state's River's Edge Redevelopment Zone (RERZ) program to spur riverfront reinvestment.
"I'm Chris with Ives. I'm the director of community and economic development for the city of Moline," Chris said during his overview. He described the RERZ as a statewide tool that provides automatic incentives for qualifying projects along riverfronts, noting the program began with a few pilot cities and has…
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