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Members

$98 Million in construction, big development plans, and sustained residential growth headlined the recent Downtown Davenport Partnership (DDP) Annual Meeting.  DDP, a division the Chamber, provides leadership and advocacy for downtown economic development, strategic planning, cultural vitality, events, marketing, and clean-and-safe initiatives.  Debi Durham, Director of Iowa Economic Development Authority, also spoke at the event.

Highlights include:

Investment

o   9 projects representing $98M of investment under construction downtown

o   $112M+ in planned pipeline projects

o   $400M+ invested downtown since 2000 ($88M since 2010)

o   22 new, retained or expanded businesses

o   $14.2M in food & beverage sales

o   DDP granted $114,000, leveraging $369,000 of private investment

Major Project Milestones

o   DDP facilitated acquisition and demolition of former hotel at 227 LeClaire St.

o   City Square ($60M) Phase 1 is nearly complete with renovation of historic Parker Building.  Phase 2 beginning now  renovating historic Putnam Building in to luxury hotel and residential

o   Eastern Iowa Community College progressing toward construction phase of new downtown campus

Housing Market Report

o   97.9% occupancy of market-rate housing units

- 284 Market-Rate units built since 2013, yet occupancy remains above 97%

o   Expected demand of 500 more market-rate apartments over the next 5 years

o   Nearly 50% of units have rents above $1.20 PSF, and 30% renting above $1.40 PSF

o   151 apartments under construction  (90 Mkt-Rate, 61 Affordable)

o   1,266 total apartments downtown

Legislative Goals Met

o   Successful passage of HF2443, providing a needed update to the existing Historic Tax Credit Program

- Of the 19 past and current Historic Tax Credit projects in Davenport, $50 million of State investment has leveraged an additional $152 million locally

o   Uber launched in the Quad Cities in 2015

o   Enhance Iowa Legislation passed, updating the previous Vision Iowa program

Downtown Livability & Physical Environment Improvements

o   DDP continues to advocate for return of two-way traffic on 3rd & 4th Streets

- One-ways are detrimental to pedestrian life and retail viability. No overriding traffic crisis mandates that these streets remain one-way; justified by the goal of urban viability and vitality

o   “Welcome to Davenport” sign planned for Arsenal Bridge gateway and more flower baskets planned

o   DDP advocated for execution of entire RiverVision plan

o   DDP/City partnering to update Design Guidelines, right of way responsibilities, and ADA plans

Downtown Culture & Workforce Attraction

o   Growth and national significance of Quad Cities music scene was highlighted

- Led downtown via opening of Daytrotter, along with River Music Experience celebrating 12 years and evolution of the Adler Theatre

o   DDP successfully produced River Roots Live, Street Fest, Red White & Boom, and Icestravaganza

- River Roots Live evolves as the premier Quad Cities music festival

o   Retail/Restaurant growth highlighted by opening of Analog Arcade Bar, Creative Collective,

Endless Brews, 7the Starting Line, Los Compadres, Bucktown, and expansion of Crafted QC

o   Figge Art Museum opened numerous new exhibits, highlighted by Wizard of Oz

o   Creative Arts Academy continues to grow and recruit students 


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