BETTENDORF, Iowa (KWQC) – The iconic former Lodge Hotel in Bettendorf, Iowa is set to be demolished starting Monday, September 19, 2016. The city granted demolition permission to the developers this summer while discussions regarding development agreement language continue.
“I think it’s best for the property’s future and I think it’s best for the community’s future to get an eyesore like this down and and get a new chapter open for the next thing that is going to happen,” says President of The Schwartz Company, Robert Schwartz.
His real estate firm teamed up with with Russell Construction forming CDCQC, LLC. The developers say they don’t have final redevelopment plan in place yet, however, they are in the process of developing one.
“We have some visions and we are in discussion with a number of different users,” said Schwartz. “At this point in time nothing is cast in stone. We haven’t reached a final redevelopment plan.”
The developers say they are open to any interest and will be selling parcels of 8.5 acre property for building or leasing. Schwartz feels the piece of property has some valuable characteristics that will be noticed after demolition.
“It’s an iconic property, but it’s day has come and gone. Because of economical obsolescence and physical deterioration it just didn’t make sense to do anything with it, so it is going to come down. [It’s] a large piece of ground, it’s the only property in the corridor with direct access to Interstate 74.”
Even though, a redevelopment plan hasn’t been decided on, Schwartz envisions a positive future for the site.
“It will be a wonderful site for an upscale hotel, upscale import auto dealership, office, banking,so forth,” said Schwartz.
The former hotel is set to come down after a private ceremony at the site around 1 p.m.