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Council approves transfer of CDBG loan, economic committee backs hotel study and downtown plans
Summary
The council approved a transfer of a Community Development Block Grant loan from Wolf River Developers LLC to Maverick Dog Investments LLC after the Economic Development Committee's deliberations and a closed session review.
At its meeting the council approved transferring a Community Development Block Grant loan from Wolf River Developers LLC to Maverick Dog Investments LLC following a recommendation from the Economic Development Committee.
The committee discussed several economic development matters earlier, including approval of four digital ad designs for a licensed-plate game that will run on a highway billboard from Nov. 11 through Dec. 8, and a proposal to commission a hotel feasibility study. Committee members said the feasibility study would identify whether another hotel would be supported by the local market and could be used to attract developers; staff were directed to solicit proposals from consultants for review at a future meeting.
The Economic Development Committee also discussed a proposed property swap involving two parcels adjacent to the London Nature Area. Committee members noted that the land was purchased with Wisconsin DNR stewardship funds and said the city would need to work with the DNR and comply with stewardship requirements and any rezoning before advancing the swap. The committee agreed to continue working with the DNR and the developer; no motion or vote on the swap was taken.
Why it matters: transfer of a CDBG loan changes the loan's borrower and may affect downtown redevelopment plans; a hotel feasibility study could shape future private investment and the property-swap negotiations will require state involvement because DNR stewardship funds are part of the nature-area acquisition.
Decision versus discussion: the CDBG loan transfer motion was carried by the council after the closed-session deliberations and was announced when the Economic Development Committee returned to open session. The hotel study was approved by the committee direction to seek proposals; the London Nature Area property-swap discussion produced no vote and will return to committee after DNR coordination.
Ending: Committee members postponed a late-December meeting and scheduled the next meeting for Dec. 10; the council approved the CDBG loan transfer before adjourning.
