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Rothschild approves bantr to Hilton conversion with $175,000 grant and $525,000 pay-go; vote 6–1
Summary
The Village Board approved a developer agreement for conversion of the bantr hotel to a Hilton brand including a $175,000 grant, $525,000 pay-go, and a developer commitment to spend $4,179,200 on improvements expected to generate $71,631 annually for TID #3; vote was 6–1 (Luedtke opposed).
The Village of Rothschild Board on Jan. 26 approved a developer agreement to convert the bantr hotel to an official Hilton-branded property and to include the project in Tax Increment District (TID) #3.
Administrator Ryan VanDeWalle described the agreement as previously discussed in August 2025 and reviewed by the village attorney and financial advisor Baird. The agreement includes a $175,000 grant and a $525,000 pay-as-you-go (pay-go) incentive; the developer has contractually guaranteed $4,179,200 in improvements. VanDeWalle told the board the project is expected to generate approximately $71,631 per year for the new TID #3.
Trustee Jason Jablonski moved approval; Trustee Paul Kennedy seconded. The motion carried on a 6–1 vote, with Trustee Louella Luedtke recorded as voting no.
The minutes do not record additional conditions, specific timelines for improvements, or details of the developer’s guarantee beyond the dollar figures cited. The board’s approval authorizes the financial incentives described in the agreement; implementation details and monitoring responsibilities are to be handled by staff and financial advisors as per standard practice.
