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Sheraton Hotel Development Stalls

The Oak Creek Common Council approved plans about a year ago, but construction has yet to begin and for-sale signs are back up on the property.

It was a year ago at this time when and a large parking lot for the airport surfaced.

The development was planned near the corner of College and Howell avenues. After the council approved a package that , the project was said to be "full speed ahead."

But today, there is a distinct lack of a Four Points by Sheraton hotel at the College and Howell intersection, at the least the last time I checked around noon Monday. Or even any sign of impending construction.

In fact, "for sale" signs were put back up at that corner sometime earlier this year.

The developer for the project, Greg Trapani of Syner G Hotel Group, didn't return a call or e-mail seeking comment. But Mayor Steve Scaffidi said Trapani will be back in front of the Common Council in June to provide an update about where things stand.

That implies to me the project isn't dead. But it has certainly stalled, considering Trapani and city officals expected construction to start by the end of 2011.

Though it wasn't clear why the project is delayed, financing problems have plagued it since the beginning. A hotel development at College and Howell was first approved back in 2008, right as the economy began its free-fall and made financing "nearly impossible."

A revised plan came to the council in 2010 and the latest plans were approved in May of 2011.

The Sheraton hotel was to feature 107 guest rooms, a full-service restaurant, bar, fitness center, swimming pool, business center and meeting facilities. The 1,830-stall covered parking lot would serve the needs of Mitchell International Airport and generate revenue for the city.

And that was just the first phase. Plans called for two more hotels, a banquet facility, two restaurants and commercial and retail space in additional phases.

Those plans may be scaled back in the light of the difficulty getting the first phase under way.

Scaffidi said the council is interested to hear what's going on, given its previous financial commitment. The $4.5 million would come through a tax-incremental financing district, with the property taxes generated by the development to pay off the loan.

"Our goal is not to finance the project," he said. "We want to put together a package to make it happen."

John May 14, 2012 at 09:40 PM
I said back then that the need for additional parking for the airport was just temporary but the idiots in charge weren't as smart as me and gave these guys millions. This project will never happen.
Mark Schaaf May 14, 2012 at 09:56 PM
They haven't given them anything yet...they committed money through a Tif district, but construction would actually have to start.
Chris May 15, 2012 at 12:33 AM
I would surmise with the traffic at Mitchell greatly reduced...this hotel will only be built when Swine airlines take flight
Mark B May 15, 2012 at 11:09 AM
This property should have never been granted TIF status in the first place. TIF is for blighted, run down areas of a community where without the government assistance for clean up and infrastructure, no development would occur. Given its close proximity to the airport and the prime location on College and Howell, this property hardly qualifies as one that would fit the original intent of a TIF. Sadly, developers have successfully been able to extract tax dollars from communities for any project. The fleecing of the taxpayers has become the rule not the exception.
Patriot May 15, 2012 at 11:53 AM
Ahhhhhhh yes!! Good thing we are still going to develop the old Delphi site. Thats okay the tax payers of this great city will chip in a little more since the Hotel deal will most likely not happen. Cant wait to walk around all the empty store fronts!!! Maybe we can put up some low income housing!!
Patriot May 15, 2012 at 11:54 AM
Im sure that Walkers fault as well? Seems the left is good at blaming the other guy all the time
Mark Schaaf May 15, 2012 at 02:38 PM
I look at this as more of a developer issue than a common council issue. I don't know why the comments on these stories always turn into common council bashing, but remember they are just one component in the whole thing. And even then they often aren't involved until the tail end.
Dirk May 15, 2012 at 03:49 PM
Nothing will happen here or anywhere else until June 5 and Nov 6. We progress or regress. It's our obligation to vote accordingly.
Down in OC May 15, 2012 at 04:00 PM
John, you must mean, weren't as smart as 'I' (am).

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