The City Council of Chippewa Falls., Wis., voted unanimously to sell construction site on Bridge Street to WHG Companies, a developer for Cobblestone Hotels.
The Chippewa Herald reported that the lot was purchased for $500,000 from the city, with construction expected to begin in January and conclude by August 2016. The four-story property will have a restaurant, pool and gym as well as 45 guestrooms. The hotel is expected to cost approximately $6 million.
The city has been attempting to kick start property development on the site since 2012 when a multi-million dollar tax credit fell through and a project to demolish then-resident the Plaza Building died.