Pigeon Creek flows into the Mississippi River in Bettendorf's Pigeon Creek Park.

Investment firm specializing in 'out of favor companies' takes 7 percent stake in Lee Enterprises

A Stamford, CT investment firm that specializes in "stressed, distressed and out of favor companies" has acquired a 6.9 percent stake in Lee Enterprises, the Davenport-based media company which owns the Quad City Times.

Archview Investment Group L.P. reported today (2/14) that it had acquired 3.8 million shares of Lee stock as of Dec. 31, 2016. U.S. Securities and Exchange Commission (SEC) rules require disclosure when an individual or company acquires 5 percent or more ownership in a publicly traded firm.

'Sports complex' allocated millions in proposed city budget; project yet to be publicly discussed

The proposed Bettendorf city budget would allocate more than $15 million to build a "sports complex" that has yet to be discussed publicly by aldermen.

The budget – which will be discussed at an all-day public work session Saturday (2/11) – includes $2 million for purchase of land for the "sports complex," more than $2 million for roads, lighting and sewer extensions for the project, and lists the issuance of $11.2 million in debt (bonds and notes) to finance the facility construction.

EPA rejects IDNR effort to loosen water quality standards; change pushed by industry lobbyists

The U.S. Environmental Protection Agency (EPA) has rejected an effort to loosen water quality protection rules in Iowa, saying proposed changes to "antidegradation standards" sought by the Iowa Department of Natural Resources (IDNR) violate federal rules.

In a letter to the IDNR January 19, the EPA's Region 7 Administrator Mark Hague wrote the state was "seeking to establish a one-size-fits-all rule that only projects costs less than 115 percent of base costs optimize 'the balance between water quality benefits and project costs.' "

Lee Enterprises, Inc. earns $12.4 million in first quarter despite 7% drop in operating revenue; promises focus on more cost reductions in 2017

Lee Enterprises, Inc. earned $12.4 million in the first quarter ended Dec. 25 despite a 7.2 percent drop in operating revenues for the three-month period compared with a year ago.

The Davenport-based company Thursday (2/2) reported earnings of 22 cents per share, compared with 21 cents per share in the first quarter of 2015.

After 4 days of testimony at Davenport hearing, USDA administrative law office judge to decide if Cricket Hollow Zoo certificate should be yanked

After four days of testimony pitting U.S. Department of Agriculture (USDA) officials against Cricket Hollow Zoo owners, an administrative law judge will decide later this spring if the roadside zoo near Manchester, Iowa will retain its federal license.

The hearing before the administrative law judge was held in Davenport beginning Tuesday (1/24) and included testimony from USDA Veterinarian and Inspector Heather Cole, Iowa Department of Agriculture and Land Stewardship Compliance Investigator Doug Anderson, zoo owners Tom and Pamela Sellner and Robert Gibbens, Western Regional Director of the USDA's Animal and Plant Health Inspection Service in Fort Collins, CO.

The USDA complaint against Cricket Hollow runs more than 20 pages and cites dozens of violations of the Animal Welfare Acts (AWA) by the zoo in 2014 and 2015.

Cricket Hollow Zoo faces criminal investigation over treatment of lion removed from Manchester facility

An animal rights group has asked the Delaware County Sheriff to file criminal animal cruelty charges against the Cricket Hollow Zoo owners over care of a lioness rescued from the roadside facility near Manchester, Iowa last August.

QC Times Sunday edition falls below average weekday circulation for first time; half 2001 level

Subscribers to the Quad City Times Sunday newspaper have fallen to 37,473, half the paper's circulation just 15 years ago.

And, for the first time, according to the Lee Enterprises, Inc. annual report to shareholders, Sunday circulation fell below that of the average circulation for its weekday editions.

Historically, Sunday papers typically have had much larger circulation than weekday editions. More advertising, ad circulars and more space for news have attracted readers to purchase single copies or opt for a Sunday- or weekend-only subscription.

New ice-skating rink to cost city $447,000; includes $20,000 for 'festive' artificial Christmas tree

The full cost of the new, temporary Bettendorf ice-skating rink will balloon to nearly $450,000 once the annual operating expenses and a $20,000 artificial Christmas tree are included in the pricetag.

The city council is expected to sign off on the anticipated $137,000 in operating costs and 30-foot artificial tree at its Tuesday (12/6) meeting. The city had earlier approved acquisition of chiller equipment and other ice rink furnishings (including a supply of used ice skates) for $250,000.

Isle 2nd quarter earnings double last year's results; big tax benefit on asset sales offsets revenue decline

Thanks to a $17.8-million income tax benefit, Isle of Capri Casinos, Inc. Thursday (12/1) reported second quarter earnings of $23.7 million (57 cents per share), more than double the gambling firm's earnings for the same quarter last year.

Consultant: Invest $1.8 million for new six-hole pitch-and-putt and grass putting courses to keep city owned Palmer Hills Golf Course competitive

Bettendorf's Palmer Hills Golf Course needs a $1.8-million upgrade – including a new six-hole pitch-and-putt and a grass mini-putt course – to attract younger golfers seeking a less expensive and time-consuming experience than the traditional 18-hole layout.

That's the recommendation made to the park board and city council recently by Richard Singer of National Golf Foundation (NGF) Consulting.

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