Thursday, February 4, 2010
Construction on New Hotel Begins
Construction on the new Vinton Cobblestone Hotel has begun in earnest with new footings and walls being poured this week. The construction crew from Garling Construction is working around forecasts of snowy weather to get a good start on the project. The hotel developers are BriMark from Oshkosh, Wisconsin and the financing for the hotel is being provided through the Vinton Hotel Group.
The new hotel will be located on Highway 218, which is also known as K Avenue, north of the First Christian Church and West 13th Street. Access to the hotel will be provided on West 11th Street, which will be built by the City soon. Neighboring properties include Theisen's further south on the other side of West 13th Street, ALCO Department Store to the north and the Iowa Braille and Sight Saving School (IBSSS) to the east. The IBSSS is also the home of the Midwest Regional AmeriCorps NCCC campus.
The City of Vinton provided an economic development incentive of $335,000 for the construction of the hotel and is putting another $120,000 towards the construction of West 11th Street. These funds will be paid back through TIF funds generated by the new hotel. The remaining $50,000 for the new road is being provided through the State of Iowa I-Jobs street construction financing.
The Vinton Cobblestone Hotel is planning to open in July 2010. Reservations can now be made at (888)-693-8262.