See the follow-up story: https://blnnews.com/2019/06/13/chateau-hotel-and-conference-center/
By: Diane Benjamin
Remember at the end of May when I reported the City owns the Jumer’s Conference Center? https://blnnews.com/2019/05/28/value-of-city-properties-2019/
It looks like $3 million was sunk into it.
So what is its status?
The City is leasing it and getting NOTHING for it. From my FOIA cover document:
I guess they aren’t even getting this (from the lease):
Instead, two years of ZERO payments, likely many more. Who pays for maintenance? I don’t feel like reading a 74 page lease to find out. I do know the lease is until 12/31/2027.
Why does everything the City touches rot? Because they really know how to do economic development?
The City is getting no lease income and nobody is paying property taxes. Brilliant. See the latest lease here: 2007-00001975
The original lease was in 1987,
BTW, I also FOIA’d a list of insurance payments resulting from the Lake Bloomington fire. They extended that request another 5 days. I’m hearing rumors taxpayers may not like that report. Stay tuned.