"La Banque" Hotel in downtown Homewood is inching closer to reality as trustees commit financial backing to the project.
Homewood trustees voted Tuesday night to give $900,000 and a recommendation for Class 8 tax designation to Ravisloe Country Club owner Dr. Claude Gendreau, all for the development of a boutique downtown hotel. The two incentives are separate and distinct, Grandeau’s financial consultant Don Peelman said. The Class 8 is in response to anticipated high operating expenses, as are custom in the business, says Homewood Community Development Director Paula Wallrich. The designation will reduce his assessment to ten percent of market value for the first ten years, 15 percent in the 11th year and 20 on the last, with an opportunity to renew. Not having a Class 8 is one of the contributing factors in the decline of the former Homewood Hotel, …
The $4-million dollar project in Homewood's downtown aims to help revitalize the village's central business district.
A new hotel is coming to Homewood, but not where you might expect. Village President Richard Hofeld announced (with great excitement) last Friday the finalized sale of the historic Great Lakes Bank building in downtown Homewood. A boutique hotel will be replacing it, he said. “Residents and business owners have asked for us to bring interesting, unique businesses to the downtown area," Hofeld said. "This development marks a new day for Homewood and represents years of planning and cooperative efforts from village and bank staff alike,” The downtown Great Lakes Bank branch is scheduled to move to and consolidate with the other Great Lakes Bank location in Homewood along Dixie Highway. “Great Lakes Bank’s willingness to move its Homewood …
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Jay Hutchens
1:57 am on Thursday, January 10, 2013
WELL SAID VERNON. more ›