RI council to consider lease buyouts of 3 Watch Tower businesses


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Originally Posted Online: April 21, 2013, 5:37 pm
Last Updated: April 21, 2013, 11:51 pm
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By Eric Timmons, etimmons@qconline.com

The Rock Island City Council will be asked tonight to approve agreements totaling $243,000 to close the leases of three businesses at Watch Tower Plaza as part of the project to bring Walmart to the site.

The city has been buying properties at Watch Tower on 11th Street so they can be demolished to make way for a proposed Walmart Supercenter.

At tonight's city council meeting, aldermen will be asked to approve buying out the leases of three tenants at the old shopping center.

City officials have reached a $75,000 agreement with Jean's Platinum Stylez Beauty Supply to terminate the business's lease at 2365 11th St. The owners of Gyibassuk's Stores, an Asian grocery at Watch Tower, have agreed to a $58,000 lease buyout.

The owner of Jaded Gypsy Tattoo has accepted the city's lease buyout proposal of $110,000, which includes assistance to help the business move to 217 8th St., Rock Island.

The city has a line of credit for up to $15 million to buy properties and demolish buildings at Watch Tower. So far, the city has spent about $6.5 million on property purchases and lease buyouts and has agreements with most of the 17 businesses at Watch Tower.

Once the city has control of all the property parcels at the site it needs, demolition work will be done. Walmart has agreed to buy the site from the city for $4.5 million.

Tonight's council meeting begins at 6:45 p.m. at city hall, 1528 3rd Ave. Complete agendas can be found at rigov.org.

























 



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  Today is Thursday, Oct. 2, the 275th day of 2014. There are 90 days left in the year.

1864 -- 150 years ago: The ladies have adopted the fashion of wearing representations of insects in the flowers on their bonnets. Some look very natural.
1889 -- 125 years ago: T.F. Cary, former Rock Island alderman, has accepted a position as salesman for a Chicago wallpaper house and plans to move to that city.
1914 -- 100 years ago: Work on the new telephone building on 18th Street between 6th and 7th avenues is progressing rapidly.
1939 -- 75 years ago: Rock Island's new theater at 3rd Avenue and 19th Street will have a name significant of its location. The "Rocket" is scheduled to open Thanksgiving Day.
1964 -- 50 years ago: Two of Rock Island's newest water towers were vandalized last night, including the one at 38th Street and 31st Avenue, where police took five Moline boys into custody about 9 p.m..
1989 -- 25 years ago: Some of us who live in the Quad-Cities take the Mississippi River for granted, or at least we used to. But the river is not taken for granted by our visitors. And most Quad-Citians are realizing the importance of the river to this area as increased emphasis is placed on tourism.







(More History)