Affordable summer homes, more tourists, and a bright economic future are all part of the plan behind Grand Haven’s most expansive mixed-use development ever, and adding a prestigious hotel name and conference center to the mix could mean more business for more retailers all year long.
According to excerpts from the story:
The city will be setting up a special board to oversee the financing for a hotel and conference center at the Grand Landing development.
Council voted 3-2 Monday night directing actions toward the issuance of 63-20 bonds for the project.
Grand Landing LLC asked the city to form a nonprofit corporation to issue tax-exempt municipal bonds — called 63-20 bonds by the Internal Revenue Service — saying that such financing will better enable them to attract a higher-quality hotel to the site.
Legacy Hospitality LLC wants to build a Hilton Garden Inn at Grand Landing.
Read the complete story here.
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