The Sierra hotel project downtown is down but not out apparently.
The same LodgeWorks developer who told the Press-Telegram that the project has been "killed" is now saying that his company is still interested in developing a second hotel at the Pike at Rainbow Harbor.
today, Chris Gebert, senior vice president of development, said LodgeWorks and DDR, which operates the Pike, is trying to find financing and ways to make the $33 million project "more economically fesible."
Gebert said Wednesday that pending litigation by the Coalition for Good Jobs and a Healthy Community and a condition by the state Coastal Commission to pay about $937,000 in fees "killed" the project.
The fees feed into a program that helps public agencies and nonprofit groups provide affordable overnight accommodations near the coastal zone.
The commission voted to allow Lodgeworks to build a $33 million, five-story, 125-room, boutique-inspired hotel with 14,725 square feet of ground-floor retail space on a vacant lot near Bay Street and Cedar Avenue downtown, across from the AVIA, also a Lodgeworks hotel.
But the commission approved the project with the condition that the developer would have to pay the in-lieu fee.
More to come later.
The same LodgeWorks developer who told the Press-Telegram that the project has been "killed" is now saying that his company is still interested in developing a second hotel at the Pike at Rainbow Harbor.
today, Chris Gebert, senior vice president of development, said LodgeWorks and DDR, which operates the Pike, is trying to find financing and ways to make the $33 million project "more economically fesible."
Gebert said Wednesday that pending litigation by the Coalition for Good Jobs and a Healthy Community and a condition by the state Coastal Commission to pay about $937,000 in fees "killed" the project.
The fees feed into a program that helps public agencies and nonprofit groups provide affordable overnight accommodations near the coastal zone.
The commission voted to allow Lodgeworks to build a $33 million, five-story, 125-room, boutique-inspired hotel with 14,725 square feet of ground-floor retail space on a vacant lot near Bay Street and Cedar Avenue downtown, across from the AVIA, also a Lodgeworks hotel.
But the commission approved the project with the condition that the developer would have to pay the in-lieu fee.
More to come later.
Karen Robes Meeks came to work for the Press-
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