Hotel developer looking to build south of bypass
The developer of AmericInn hotels in Fort Dodge and Newton has cast an eye to Fairfield.
During Monday’s meeting of the Fairfield City Council, Mayor Ed Malloy said the developer has approached the Fairfield Area Economic Development Association about the possibility of constructing a hotel just south of the Highway 34 Bypass.
According to Malloy, the hotel would be a $5 million project, with the AmericInn chain contributing 10 percent to the development. Malloy said the developer intends to request a variation on tax increment financing from the city.
Malloy explained the developer would fund the full cost of the infrastructure and then “approach the city about freezing the value of the tax increment over a 10-year period of time by percentage.”
According to Malloy, the developer is working with local businessmen John Kuster and David Thebodo, who purchased approximately 8.8 acres of land at the southwest corner of the interchange several years ago with the intention of constructing an AmericInn hotel.
Malloy said, “He wants to get started with development this year.”
Malloy asked the economic development committee and city administrator Jeff Clawson to meet with FEDA and the developer before the council’s next meeting.
Also Monday, the council dealt with several personnel issues.
Councilwoman Susan Silvers announced Ellen Myers, the environmental services manager for Sioux City, has been hired to replace Ken Goering as the city’s wastewater superintendent.
For the complete article, see the Tuesday, June 29, 2010, printed edition of The Fairfield Ledger.