Hotel Building Permit But No Groundbreaking Scheduled
Posted by Jeff Pruitt - 12/12/08 @ 9:34 am - Filed Under Featured, Local Politics
White Lodging has officially obtained a building permit for their downtown Courtyard by Marriott. This is good news but it should still be met with cautious optimism. Obtaining a building permit does not mean they have the financing in place to start construction. In fact I think it’s quite clear they do not or else the city would be shouting that news from the mountaintop.
It could be that White Lodging reasonably believes they will be begin construction in the next 90 days or perhaps it’s a head fake to buy themselves more time. Am I the only one that gets the feeling that this project is proceeding exactly like the condos? A constantly moving deadline and no real progress. The groundbreaking date has been moved on more than one occasion for the hotel and now it’s pushing into 2009.
I cannot imagine anyone financing another downtown Fort Wayne hotel in this economic climate but I suppose there’s a sucker born every minute. Of course since the city guaranteed their losses up to $250k/year maybe we’re the suckers…
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And to think if all these politicos would have WAITED less than a year, we wouldn’t be watching this fiasco unfold….the project would have tanked big time (due to the economy) before a deal could even be cut.
And Hardball would’ve left on the next flight.
And we’d still have the WIZARDS at a damn fine ballpark.
And the city would have some folding money for the budget.
Yeah..if only…
One day…they’ll learn.
Bob G. - Don’t go out and bet on that! Like Jeff said, “There’s an unwise person born every minute”. I hear from Indy that the subs who have been lined up for this project(yes, to a large part, they are from Indy)have been told,”Don’t base your hiring on this bid to White & Company”.