Listen Live



Daily E-lert


Hotel project seeks more assistance from Sturgeon Bay

Projected cost overruns are the reason why a proposed hotel project is approaching City of Sturgeon Bay officials for more funding assistance.


Several months ago, the Sturgeon Bay Common Council approved a development agreement with Cobblestone Hotels Development that provided financial assistance towards the construction with funding coming from Tax Increment District #6. Due to higher-than-expected bids, the developer approached the city to change the agreement to account for the gap, which is approximately $210,000. The developers are asking for the same $1.2 million in incentives, but for an additional $210,000 to be paid upfront, from $600,000 to $810,000. Annual payments would then be stretched out over a longer period of time (12 months to 15 months) and for a smaller amount ($50,000 to $26,000).


City staff is recommending the new development agreement be approved, citing that it is highly likely that the new hotel will be able to generate enough tax increment to not just recover the incentives but to provide additional funding within the TID.


The Sturgeon Bay Common Council will also hear the second reading of two ordinance amendments and look to approve a resolution agreeing to reimburse Sturgeon Bay Utilities for improvements made to its wastewater treatment plant when they meet on Tuesday at 6 p.m.

Search Our Site

Current Weather




Who do you believe presents the biggest challenge to Donald Trump for the Republican Party's nomination for next fall's election? Ron DeSantis Nikki Haley Chris Christie Vivak Ramaswamy Other
Add a Comment
(Fields are Optional)

Your email address is never published.


Click Here for more Obituaries

Obituary posting fee is $25

Sports Poll


Sign up for our Daily Electronic Newspaper!

Plus, Get the latest updates for Local Sports, Obituaries and more delivered to your inbox!