With $63.5 million in completed projects and another $108.5 million currently under construction in downtown Davenport, over 300 guests celebrated the area's continued momentum during Downtown Davenport Partnerships (DDP) Annual Meeting last week.

While the investment numbers tell quite a story on their own on the resurgence of business and residents coming downtown, DDP Executive Director Kyle Carter also emphasized the importance of building on the music culture and its impact on the region. “The scene is legit and we need to start talking and acting like it. And I think it’s had a major impact on workforce retention and recruitment and will continue to.”

More highlights from the meeting include:

FY17 Downtown Investment

• 6 projects, totaling $62.5M in completed projects

• $108.5M Under Construction Now

• $53M+ in Planned Projects

• $460M+ Invested Since 2000

• $141,000 in DDP Grants awarded leveraging $1.1M in Private Investment

• 17 new or retained businesses

Housing Report

• 1,294 Residential units now downtown
  - 88 Units built in FY17
  - 216 Market Rate Units now under Construction

Food & Beverage

• Sales up %7 over last year (Total $16.2M)

Legislative Highlights

• Passage of Food Truck Ordinance

• New City Streetscape Resolution  

• New State Historic Tax Credit Administrative Rules

Workforce Retention/Attraction

• Launching Alternating Currents, replacing River Roots Live

• Growth of Icestravaganza

Additional Highlights

• Music Scene continues to grow in size and importance

• Riverfront development underway

• New Retail Development

• New Welcome Sign Pending

• Over 700 flower baskets

• New online marketing tools for businesses

Looking for more information? Watch a video of the Annual meeting in its entirety here.

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