Moline council approves lease for Riverfront elevator test tower, staff says NSF‑backed firm will invest The Moline City Council approved a lease agreement allowing Hyperlift Inc. to rehabilitate the former elevator test tower in the Moline Riverfront area, with staff citing a $2,500/month lease and National Science Foundation‑linked investment to support testing and activation of the landmark structure.

The Moline City Council just approved a game-changing lease that will revitalize the iconic elevator test tower, attracting new investments and preserving a piece of local history.

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