Will Hotel Madison ever be built in Harrisonburg?
Scott P. Rogers
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....
- Jun 2014: No Shortage Of Conference Center Interest (Daily News Record)
- Jun 2014: Developer Surprised Hotel Deal Died (Daily News Record)
- Jun 2014: Chenault Signs On To Conference Center (Daily News Record)
- Jun 2014: Council Waits For Hotel Documents (Daily News Record)
- Jun 2014: Hotel/Conference Center Details Going To Council (Daily News Record)
- Dec 2013: Downtown Hotel Figures Submitted (Daily News Record)
- May 2013: Conference Center Details Line Up (Daily News Record)
- Jan 2013 - City Council asked the developer to conduct a feasibility study
- Nov 2012 - No new proposals were received.
- Sept 2012 - City Council discussed proposal, decided to seek competing proposals.
