MOLINE -- The Metropolitan Airport Authority of Rock Island County voted Monday to pay Chicago-based development advisors SB Friedman up to $94,000 to help with land development.
Assistant director of aviation Bryan Johnson said the company will assist the airport with about 100 acres of land, which includes property along the Milan Beltway and the existing airport industrial park off Indian Bluff Road.
The airport paid SB Friedman $31,500 for a preliminary market analysis completed last summer that identified the best potential use of the Milan Beltway site as light industrial. The company also recommended further study be done before the airport proceeds with development.
According to airport authority documents, the further analysis and other work to be completed by SB Friedman includes: -- Industrial/modern business park feasibility study to include identification of light industrial products lacking in the market, industrial products in demand, ground rent analysis, a land plan for future retail and hospitality development near the Milan Beltway, and gauging developer interest in speculative industrial buildings. -- Development of, and issue an RFQ/RFP (request for qualifications and request for proposals). -- Review of developerqualifications and determine short list -- Review proposals andmake a developer recommendation -- Assist in negotiations with selected developer -- Once construction plans are developed in detail, monitor plan and economic term revisions
Mr. Johnson said the work by SB Friedman should take three to six months, and the company's focus will be on what can be accomplished on the property in the next three years.
He said the additional analysis by SB Friedman will identify specific opportunities that exist and help attract developers.
Mr. Johnson said he will work closely with SB Friedman throughout the RFQ/RFP process and when choosing a developer to recommend.
At one time, airport land along the Milan Beltway was proposed to become a nine-phase retail, hotel, office and light industrial development to be built by RDC Case Creek Trails LLC.
Early last year, the developer was terminated from the project by the airport and Moline -- all three of which were partners in the development agreement. According to Moline planning and development director Ray Forsythe, the city and airport continue to work together as partners in the future development.
The first report by SB Friedman cited an "unmet demand for new, high-quality, light industrial and flex space that could be provided at Case Creek Trails."
It further cited a need for speculative space, which is built by a developer or third party before a tenant is identified. The "spec" space is then available to be leased immediately by a tenant moving to the area or expanding.
Today is Sunday, March 9, the 68th day of 2014. There are 297 days left in the year. 1864 -- 150 years ago: Much damage is being done to sidewalks, shade trees, fences and gardens by hogs that are running at large about town. 1889 -- 125 years ago: H.C. Cleveland was elected air knight captain of Rock Island Division Uniform Rank Knights of Pythias. 1914 -- 100 years ago: B.W. Wilson, authority on birds and their habits, spoke at the weekly luncheon at the Rock Island Club. 1939 -- 75 years ago: The famous Dionne quintuplets have been invited to visit King George and Queen Elizabeth in Toronto on May 22, but Papa Dionne thinks their majesties should include the Callander nursery in their tour. 1964 -- 50 years ago: Ever been smothered by funny stuff? Well more than 2,600 people were last night when two boys named Tom and Dick Smothers took a "rocky, twisting road to folk music" in Davenport Masonic Temple. 1989 -- 25 years ago: Moline residents soon may be asked to recycle part of their garbage and might even get paid for it.