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Developer seeks 10-year tax abatement to build 84‑room Hampton Inn by Red Baron Arena
Summary
Rebound Partners proposed an 84‑room Hampton Inn near the Red Baron Arena and asked the City of Marshall for a 10‑year property tax abatement, a forgivable city loan and other subsidies to close a financing gap; council voted to call a public hearing on the abatement and a required business subsidy hearing.
Rebound Partners, a Northfield‑based developer, asked the Marshall City Council on Tuesday to set a public hearing on a proposed 10‑year property tax abatement and a business subsidy for an 84‑room Hampton Inn adjacent to the Red Baron Arena.
The request, presented by Scott Kester of Rebound Partners and introduced by Lauren Dites, the city's economic development director, would rebate a share of new property taxes for up to 10 years and includes a proposed $500,000 forgivable loan. Mikaela Hewitt, the city’s municipal adviser with Baker Tilly, described the abatement as a “tax rebate” based on incremental taxes the hotel would generate.
Kester said Rebound’s…
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