Scott P. Rogers
Funkhouser Real Estate Group
540-578-0102  •  email
Brought to you by Scott P. Rogers, Funkhouser Real Estate Group, 540-578-0102, scott@HarrisonburgHousingToday.com
Brought to you by Scott P. Rogers, Funkhouser Real Estate Group, 540-578-0102, scott@HarrisonburgHousingToday.com
Thursday, June 19, 2014
Hotel Madison

If Hotel Madison is built in the location shown above, it is likely to be without any financial support from the City of Harrisonburg.

A private developer, JMU and the City of Harrisonburg have been negotiating for months on details of a potential partnership between the three entities to build a hotel and conference center on the site shown above -- but that deal has now apparently fallen apart.

The developer was asking for $10 million towards the conference center construction, which would be a part of the overall $40 million cost of the entire project.

Per today's Daily News Record article, after nearly every detail was in place, the City made a few changes to the draft memorandum of understanding, and the JMU Foundation could not agree to those changes.

The developer indicates that the project will not be able to move forward without the now unlikely private-public partnership.

Read more in today's Daily News Record article, or catch up on how this all played out....