RI council to consider lease buyouts of 3 Watch Tower businesses


Share
Originally Posted Online: April 21, 2013, 5:37 pm
Last Updated: April 21, 2013, 11:51 pm
Comment on this story | Print this story | Email this story
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.

























 




Local events heading








  Today is Tuesday, Sept. 16, the 259th day of 2014. There are 106 days left in the year.

1864 — 150 years ago: A fine lumber mill is on the course of erection at Andalusia. A flouring mill at that location is doing a fine business.
1889 — 125 years ago: J.B. Lidders, past captain of Beardsley Camp, Sons of Veterans, returned from Paterson, N.Y., where he attended the National Sons of Veterans encampments.
1914 — 100 years ago: President Wilson announced that he had received from the imperial chancellor of Germany a noncommittal reply to his inquiry into a report that the emperor was willing to discuss terms of peace.
1939 — 75 years ago: Delegates at the Illinois Conference of the Methodist Church in Springfield voted to raise the minimum pay of ministers so that every pastor would get at least $1,000 annually.
1964 — 50 years ago: An audience of more than 2,600 persons jammed into the Davenport RKO Orpheum theater with a shoe horn feasted on a Miller-Diller evening that was a killer night. Phyllis Diller sent the audience with her offbeat humor. And send them she did! It was Miss Diller's third appearance in the Quad-Cities area.
1989 — 25 years ago: A few years ago, a vacant lot on 7th Avenue and 14th Street in Rock Island was a community nuisance. Weeds grew as high 18 inches. Today, the lot has a new face, thanks to Michael and Sheila Rind and other neighbors who helped them turn it into a park three weeks ago.





(More History)