Council Cancels Tuesday Meeting Regarding Hotel Development

It appears that concerns raised by the lender for the developer of a waterfront hotel in Sturgeon Bay led to the decision to postpone the proceedings Tuesday. The city council, meeting in special session, was supposed to consider financing for the hotel and a resolution that would actually lead to the sale of a parcel on the west side waterfront property. However, Baylake Bank reportedly requested additional conditions as part of its unconditional support for financing the multi-million dollar hotel project. Those conditions were related to title insurance for the property which is the subject of a suit in federal court brought by several individuals opposed to the hotel project. In an effort to deal with the conditions laid out by the bank, it was decided to call off the meeting. There are indications that the matter could come up again the next time the city council meets.

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