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 Wednesday, Sept. 17, the 260th day of 2014. There are 105 days left in the year. 1864 -- 150 years ago: We are told league merchants have paid no attention to the prohibition on selling ammunition, but continue to sell just as before the order was issued. 1889 -- 125 years ago: The Rev. R.F. Sweet, rector of Trinity Episcopal Parish, left for the East to visit his boyhood home in Boston before attending the general convention of the Episcopal Church in New York. 1914 -- 100 years ago: Dr. E.A. Anderson was named to succeed Dr. E.L. Kerns as head physician of the Modern Woodmen of America, and moved to Rock Island from Holdingford, Minn. 1939 -- 75 years ago: One week late, because of the outbreak of war, Dr. E.L. Beyer resumed his work as professor of romance languages at Augustana College. Dr. and Mrs. Beyer left Germany on the last train to the Belgian border. 1964 -- 50 years ago: Employees in Turnstyle stores in Moline and Davenport will vote Oct. 2 in an election set up by the Chicago regional office of the National Labor Relations Board. Employees will vote either for the Retail Clerk International or for no union. 1989 -- 25 years ago: Rock Island High School is considering a step to help teen moms stay in school and get their diploma. The school board is expected to vote tonight on instituting an on-site child care center.