Mason City council approves River City Renaissance utilities project so hotel project can start after first of the year
MASON CITY — The City Council in Mason City last night approved a project to move utilities as part of the River City Renaissance Project.
City Administrator Aaron Burnett says that the site for the downtown Hyatt Place Hotel needs to have storm sewer lines moved prior to the start of the construction of the hotel. Once the utilities are rerouted around the hotel location, he says the city will be ready to close with the developer on the site.
When asked about the status of the hotel project, Burnett says things are progressing with the developer’s financing of the hotel. “In my conversations with the developer, it sounds though the financing is moving forward very well. Obviously I’ve relayed that comment quite a few times, so it’s a little bit of a broken record, but I’ll tell you we’re seeing that progress. I’ve communicated with the lending institutions, communicated with the developer, and it is one of those things that’s inching forward toward closing.”
Burnett hopes construction of the hotel can start sometime after the first of the year. “The goal as the developer stated, he’s looking to get to closing hopefully before the end of the year, and I think that puts us in a good position to start getting in the ground in the beginning of the next year. Unfortunately that’s longer than anyone wanted.”
The city received two bids, with the lower bid being from Charlson Excavating of Clear Lake for $156,678. The engineer’s estimated cost of the project was $211,721.