In a recent government meeting, officials discussed a significant new hotel project in Plymouth, projected to generate $1.5 million in sales for the community and an additional $100,000 in Root tax receipts. Currently, the village of Elkhart has Root tax receipts exceeding $1 million, while Plymouth's receipts stand at approximately $250,000. The hotel is expected to attract visitors from across the United States, benefiting local businesses along Mill and Division Streets.

The project, estimated to cost around $16 million, aims to enhance downtown Plymouth and stimulate further investment in the area. However, developers anticipate a modest return on investment, estimating a return of only 2%, compared to the typical 6-12% expected in hotel developments. This project is viewed not merely as a financial investment but as a catalyst for future growth and revitalization of the downtown area.

Officials highlighted the importance of public improvements, including infrastructure upgrades and parking enhancements, which are planned alongside the hotel development. They also discussed potential funding opportunities through state and federal programs, including the Wisconsin Economic Development Corporation's community redevelopment fund, which could provide up to $250,000 for the project.

The meeting concluded with a call for collaboration between private and public sectors to ensure the successful realization of this project, which is seen as a pivotal step in making Plymouth a destination for visitors and fostering the growth of local businesses.