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Bettplex developer states he's 'offended' by city 'worrying about less than $600,000 of cost overruns'

on Fri, 03/01/2019 - 23:05   by news

Bettplex developer Doug Kratz – signing emails "frustrated" and demanding city legal staff rather than his attorneys draft revisions for an amended development agreement – stands to get an additional $1 million subsidy from city taxpayers for his sports complex.

The amended development agreement – scheduled for consideration by the city council Tuesday (March 5) – increases the city's cap to pay for streets, sewers, sidewalks and storm water infrastructure at the sports complex from $3.78 million to $4.65 million.

Bettendorf sports complex infrastructure costs reach $4.6 million; city has yet to seek any reimbursement for $760,000 overrun of development agreement

on Wed, 12/12/2018 - 21:14   by news

Eight months after the Bettendorf sports complex opened for business, the city has yet to determine how much developers will contribute to the $760,000 cost overrun for streets, sewers and storm water detention for the facility.

The city has paid $4.63 million for the project's entry roads, interior walkways, sewer and storm water facilities to date. That's $760,000 more than the city agreed to pay under its development agreement with BettPlex developers Doug Kratz and Kevin Koellner.

Cost of BettPlex sports complex roads, sewers and stormwater detention to exceed $4.6 million; development agreement cap set at $3.87 million

on Fri, 07/20/2018 - 20:43   by news

The sreets, sewers, stormwater detention and walkways being built as part of the new I-80 and Middle Road sports complex are now expected to cost over $4.6 million, $760,000 more than the city's initial commitment outlined in the development agreement with BettPlex LLC, owner of the TBK Bank Sports Complex.

Most of the cost overruns beyond the $3.87 million cap are likely to be picked up by taxpayers, according to a cost summary provided by the city to bettendorf.com.

Sports complex owner wants extra large sign to make sure motorists will see from interstate

on Tue, 02/06/2018 - 23:13   by news

The sports complex being built at Forest Grove and Middle Roads is asking the Bettendorf Board of Adjustment to approve an extra large sign so motorists won't miss it as they whiz by on Interstate 80.

The sports facility – initially known as the Bettplex and recently renamed TBK Bank Sports Complex – wants a sign nearly four times larger than the permitted 300 square feet.

The city's board of adjustment will consider the request for a variance to permit the 1,146 square foot sign at its Thursday (2/8) meeting.

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