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City supports grant for downtown hotel

$10M project moves forward

Butler City Council on Thursday approved a resolution to support a $2 million state grant to the city Redevelopment Authority for its Centre City hotel project.

The city also entered into an agreement with the authority that would make the authority primarily responsible for properly spending the grant.

With the city in agreement, the authority now can submit the final proposal to the state to get the grant.

The authority has been working with the developer of the project, JS Capitol Construction of Illinois, to provide matching funds for the grant.

The $10 million project includes an 80-room, four-story Springhill Suites by Marriott hotel that will be downtown.

Mayor Maggie Stock is excited about the hotel coming to downtown after a long process.

“It’s about time,” Stock said. “It’s going to transform downtown.

“It’s been in the works for close to nine years, and I’ve been involved all eight I’ve been in office. I’m glad we’re done talking and excited we can get started.”

The hotel will feature a lobby-lounge area, a business library, a meeting room, a fitness room, and an indoor pool.

The hotel also will have a parking garage for 250 cars.

Art Cordwell, the director of the authority, said the plans for the parking garage have not been finalized, but he expects it to be at least two stories.

A number of the spaces will be open to the public.

The authority would get 40 percent of the revenue generated from the hotel and investors would get the other 60 percent.

Cord-well said he expects the authority would be the single largest owner of the property, but it is possible an outside investor could surpass the authority’s share.

The developer is finding the investors for the project, Cordwell said.

The authority will have a public meeting at the city building at 6 p.m. Tuesday to discuss the project.

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