The third time may be the charm for you to see a development along Sturgeon Bay’s west waterfront. Late last month, Cobblestone Hotels pulled the plug on its proposed project on Egg Harbor Road after it could not reach an agreement to purchase the land. They have now set their sights on a city-owned parcel on East Maple Street initially slated for a 53-unit apartment building before construction and interest costs grounded the project. The area was also slated for a hotel in 2014 before a legal battle over its placements caused the project to be shelved. The proposed Cobblestone Hotel project would have 62 rooms located on four floors. The developers are asking for approximately $1.32 million in incentives, which the city believes can be covered using funds from Tax Increment District #4 thanks to a guaranteed property value assessment of $7 million. As a part of the agreement, the city would sell the parcel to Cobblestone Hotels for $1 and would have to construct a new public parking lot. If the city approves a development agreement, shovels could come shortly after. Anna Jakubek, vice president of development for Cobblestone Hotels, wrote in an email to the city that they are ready to move on the project, saying they would order their plans, estimated to take 45-60 days. Once the group gets the necessary approvals, the new hotel could be built in 14 months. The city’s Finance/Purchasing and Building Committee will meet on Tuesday at 4 p.m. to discuss the project and its financial incentives. The committee will also talk about a price adjustment for the single-family homes in the Geneva Ridge development and sidewalk permit fees.