Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Economic Development topic
No spam. Unsubscribe anytime.
City revives CDBG 'Commercial Dream' incentives for Rockingham Road corridor
Summary
Davenport staff described reviving a Commercial Dream program using CDBG funds to support roughly 60 eligible properties on Rockingham Road, noting floodplain limits, stackable incentives (FRESH, West Davenport initiative), and potential tax/TIF tools.
Bruce Berger, of Community and Economic Development, briefed the Committee of the Whole on June 17 about a targeted Commercial Dream program for the Rockingham Road corridor that would use federal CDBG funds to help small commercial properties and entrepreneurs in that zone.
Berger said the program echoes a 2021 round of assistance and is intentionally targeted to roughly 60 eligible properties, while avoiding 100- and 500-year floodplain areas required by federal funding rules. He noted the program is a smaller pot of funds this round but can be combined with other incentives the city has launched, including a FRESH initiative for food-related businesses and the West Davenport initiative (approximately $400,000 remaining) to support larger redevelopment projects such as the former Hy-Vee site. Berger said the incentives can be layered with URT or tax-exemption and TIF-eligible projects.
Council members thanked staff and placed the community development package on the consent agenda for approval.
