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 Monday, Dec. 9, the 343rd day of 2013. There are 22 days left in the year. 1863 — 150 years ago: All last week were favored with the most delightful Indian summer weather. The mercury ranged from 40 to 65 degrees and the ice is entirely gone out of the river. 1888 — 125 years ago: W.D. Reimers was given charge of the Weyerhaeuser-Denkmann mill in Davenport. 1913 — 100 years ago: Eight hundred or more tons of earth in six landslides, covered 38th Street for a distance of 200 feet near 7th Avenue and destroyed much property. 1938 — 75 years ago: Patrolman Joseph H. Schnelder, of Moline, has been awarded four medals for proficiency in marksmanship. He is the crack pistol shot of the Rock Island district. 1963 — 50 years ago: For the 83rd year, George Frederic Handel's "Messiah" was performed at Augustana College ushering in the spiritual aspect of the Christmas season. 1988 — 25 years ago: A water main break Thursday night, the fourth this week, affected 35 homes near the 2200 block of 39th Street, Rock Island, city officials said today.