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PV school district wants land swap with city for future school site

on Tue, 07/19/2011 - 20:18   by Editor

The Pleasant Valley School District wants to buy land to swap with the City of Bettendorf for a future elementary school along Forest Grove Road.

The school board Monday (7/18) approved a contract to buy 19 acres of land for $583,000 contingent on swapping that property for 15 acres of land the city recently purchased as part of a new 92-acre park north of Forest Grove Road and east of Middle Road (just south of Interstate 80).

Lee Enterprises faces delisting from NYSE as pressure mounts on debt restructuring

on Sat, 07/16/2011 - 02:26   by Editor

Lee Enterprises -- parent of the Quad City Times -- is again facing delisting from the New York Stock Exchange while pressure mounts on the newspaper chain to refinance its more than $1 billion in debt.

According to an article by Bloomberg Thursday (7/14), Lee is in talks with creditors Monach Alternative Capital LP and Goldman Sachs Group Inc. The newspaper publishing group reportedly is offering higher rates and equity interest in the company to refinance its debt, according to Bloomberg.

Gambling admissions continue 11-year slide; off 43% from peak

on Fri, 07/15/2011 - 22:19   by Editor

Gamblers frequenting the Isle of Capri Casino in Bettendorf fell again in 2011, continuing an 11-year decline.

Admissions to the riverboat casino totaled 1,145,848 during the fiscal year ended June 30, compared to 1,149,086 admissions during fiscal 2010.

While admissions declined, revenues for the Bettendorf casino increased slightly from $78.34 million in 2010 to $78.48 million in the latest fiscal year.

Pizza Ranch restaurant planned for Lincoln Road location

on Fri, 06/17/2011 - 00:25   by Editor

Developers of the Shoppes at Duck Creek in Bettendorf want to build a Pizza Ranch restaurant and close one of the two entrances off Lincoln Road serving the shopping area.

The city's Board of Adjustment approved a special use permit to allow a drive-up window for the restaurant, and the city's Planning and Zoning Commission approved the site plan for the restaurant Wednesday (6/15).

Isle Corporation finishes fiscal 2011 in black with improved 4th quarter

on Sat, 06/11/2011 - 02:39   by Editor

Isle Corporation, owner of Bettendorf's Isle of Capri Casino, earned 29 cents per share in its fourth quarter, helping the gambling firm finish fiscal 2011 in the black.

The Isle reported net income of $10.9 million for the fourth quarter ended April 24, compared to $4.9 million for the same period last year.

For fiscal 2011, the Isle reported net income of $4.5 million, compared to a loss of $3.3 for fiscal 2010. For the fiscal year, earnings per share totaled 13 cents, compared to a loss of 10 cents per share in fiscal 2010.

AARP Iowa survey shows significant opposition to nuclear power bill before legislature

on Wed, 06/01/2011 - 01:57   by Editor

AARP Iowa sent a message to the state legislature today (5/31): a large majority of voters 50 and older oppose the bill which would allow MidAmerican Energy upfront rate increases to pay for a nuclear power plant.

And, the Iowa AARP warned, nearly 60 percent of those same registered voters would be less likely to vote for a legislator who would support such legislation.

The organization's poll was released as the legislature winds down its 2011 session in Des Moines.

Muscatine's biggest air polluter promises plant upgrades

on Wed, 05/25/2011 - 19:17   by Editor

Facing hefty fines from the State of Iowa, Muscatine's biggest air polluter promised Tuesday (5/24) to spend $100 million over the next five years to lower emissions of sulfur dioxide (SO2) and fine particulate matter of less than 2.5 microns (PM 2.5).

Grain Processing Corporation officials said the company will build a new $75-million corn dryer and make $20 million in upgrades to its boilers to lower air pollution from the plant. Another $5 million is to be spent on controlling greenhouse gas emissions.

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