Rock Island Economic Growth Reaches Financial Milestone

On February 7, 2024, Rock Island Economic Growth Corporation d/b/a Economic Growth Corporation (GROWTH) reached a monumental milestone by successfully closing on the complex financing needed to signal commencement of construction for the historic, adaptive-reuse redevelopment of McKee Hall/Hostetter Hall and Dezendorf Hall within Shimer Square. This achievement marks the official start in transforming McKee Hall/Hostetter Hall and Dezendorf Hall into 51 units of quality, affordable rental apartments, catering to various living preferences and lifestyles. The redevelopment effort, with total development... Read More