Recent Articles

Lee Enterprises – owner of the Quad City Times and Dispatch/Argus – has reported a $5 million loss (9 cents per share) for the second quarter ended March 29. That was nearly double the loss ($2.3 million, 5 cents per share) for the same period a year ago.

Lee President and Chief Executive Officer Kevin Mowbray in the company's earnings news release June 18 stated he was "pleased to announce our solid second quarter financial results."

As Bettendorf city leaders confront revenue shortfalls caused by the coronavirus pandemic, the Life Fitness Center appears to have a big "sell me" target on its back.

In his presentation to alderman Tuesday (4/21), City Finance Director Jason Schadt listed "Divest of Loss Generating Enterprises" as one of the possible short-term objectives to trim city expenses.

And, in discussions earlier this month, city officials had a more specific phrase for "loss generating enterprises" – close and sell the Life Fitness Center.

Owners of the Davenport Waste Water Treatment Plant – the cities of Davenport, Bettendorf, Riverdale and Panorama Park – now appear likely to avoid building a multi-million holding basin designed to handle overflows of sewage and stormwater to the plant during flooding and after heavy rains.

The equalization basin – estimated to cost $25 million back in 2012 – was the most expensive requirement of a 2013 consent agreement between the Iowa Department of Natural Resources (IDNR) and the cities, which jointly operate the treatment facility along the Mississippi River on Concord Street, Davennport.