Tax Increment Financing

Bettendorf LED light manufacturer two years behind in loan repayment; job training funds frozen

The Florida promoter who convinced local economic development officials he would bring manufacturing jobs from China to Bettendorf hasn't made a payment in nearly two years on the $107,000 loan he received from the Bi-State Revolving Loan Fund, the economic development arm of the Bi-State Regional Commission.

LEDs America made payments totaling $31,000 on the job development loan, but its last check was in September 2013, leaving an unpaid balance of $76,000, according to Bi-State officials.

Isle of Capri seeking to slash Bettendorf property tax bill in half; city to hire appraiser to oppose reduction

The Isle of Capri Bettendorf casino is seeking to slash its property tax assessment in half – to $44 million from its current $85 million – prompting the city to hire a casino real estate appraiser to oppose the reduction.

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