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Board sets Rushmore Plaza/Doubletree building assessment at $14.5 million pending appraisals
Summary
The Pennington County board agreed to an assessed value of $14,500,000 for the downtown Rushmore Plaza (formerly Holiday Inn) building for the current roll while county and owner‑hired appraisals are completed.
The Pennington County Equalization Board recorded an assessed value of $14,500,000 for the downtown Rushmore Plaza building (the former Holiday Inn, recently rebranded to a DoubleTree) after discussion about recent court rulings, prior settlements and pending independent appraisals.
County staff noted the property's 2023 litigation history: a court set the 2023 value at approximately $12,130,000 following a dispute with the property owner. For the 2024 roll the parties reached a settlement near $14,500,000. The county’s 2025 mailed assessment had…
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