Council approves deal for new Baraboo hotel | Baraboo News Republic

ByLorie

Jun 22, 2022 #11 Travel Packables, #Aircraft Elevation Travel Direction, #Astrro Click Travel, #Bluegreen Travel Certificate Activation, #Bon Appetit Travel Issue 2015, #Boston Travel Decal, #Brazilian Consulate Minor Travel Authorization, #Calculate Chain Travel On Sprocket, #Che Guevara Travel Notes Book, #Corporate Travel Jobs Virtual, #Cost Figures For Space Travel, #Cut Glass Travel Decanter, #Equate Travel Shampoo, #Eve Travel Ceptor Chart, #Fairview Travel Svc, #Global Travel Slp, #Good Travel Trailer, #Governor Dayton Travel Ban, #Health Travel Coverage Aarp, #Hostoric Outlook On Space Travel, #India Rishikesh Travel, #Jobst Travel M Socks, #Kayak Travel Tallahassee, #Kd Travel And Consulting Glassdoor, #Krypton Time Travel Theory, #Meetup Travel Groups, #Mens Travel Pants Comfortable, #Mike Brauns Travel Habits, #Minowl Ultimate Travel Umbrella, #Morocco Travel Photos, #Morraco Travel Gide, #Mta Travel Operators Organised Excursion, #My Space Travel, #New Zealand Year Travel Visa, #Pattern Jewelry Travel Bag, #Peak Design Travel Backpack 2, #Peninsula Bangok Travel Agent Rates, #People.Change After Travel Divorce, #Personal Travel Books Through Hungary, #Plan F Covering Foreign Travel, #Royal Travel Rv By Design, #San Diego Daily Travel Expenses, #San Fran Travel Hacks, #Summer Travel In Canada, #Texas Top 40 Travel Destinations, #Tsa Approved Travel Bag, #Ucsc Travel Grants, #Us India Travel Ban Vaccinated, #Weather Balloon Travel Speed, #What Is Travel Fantasy.Org






City Council

Ald. Phil Wedekind and Ald. Tom Kolb view a screen during Tuesday’s Baraboo City Council meeting.






Baraboo City Council members unanimously agreed to move forward with a developer aiming to construct a new hotel in the Gateway Industrial Park.

The Plan Commission first approved the proposal for the new hotel on the parcel next to Pizza Ranch in August. The developer is of JDJE, LLC, of Verona, which lists its registered agent as Eric Lund, the owner of S&L Hospitality, of Verona. According to its website, it is “a privately held hotel development and management company” with affiliations to national franchises like Hilton, Wyndham and Marriott. The proposed hotel is a Fairfield Inn & Suites.







City Administrator Casey Bradley

Bradley



The structure would be valued at roughly $9.7 million according to the city assessor, said City Administrator Casey Bradley. With its construction in a tax incremental finance district, the developer will receive a “paygo” tax incentive as the hotel reaches anticipated value.

“Paid as you go, so if the value is a little higher, they’re going to get a little more,” Bradley said. “If the value is a little less, they’re going to get less. So it’s basically 75% of whatever that actual value is.”

The current tax rate of 22.33 means that of the more than $216,000 in taxes the property would pay without the incentive, it would instead receive an initial rebate of about $129,000, followed by $162,000 each year after that. TID 7 ends in 2039. Most of the taxes paid by the property will be used for projects within the district, but after its closure the tax revenue would be paid to the city.







Proposed hotel

A rendering of the proposed Fairfield Inn & Suites along Gateway Drive in Baraboo.






Despite construction costs having “skyrocketed,” Bradley said, the value of the hotel does not increase accordingly. Project costs are expected to exceed $18 million. It had originally been slated to cost $12 million to build.

“It’s not necessarily the most profitable project for them, but it’s great for the entire area,” Bradley said.

Construction is scheduled to begin in coming months and be completed in early summer 2023.







062022-bara-news-scott-sloan

Sloan



Its proposed location is positive because it means the city will not have to contribute any funding to the work, said Ald. Scott Sloan.

“There’s no cost to the city,” Sloan said. “The roads are there, the utilities are there; it’s simply no cost to us.”

Part of the business plan for the new hotel aims to incorporate a connection with the city and area amenities, Bradley said. The developer wants to partner with both downtown and city businesses while also marketing to the outdoor recreational community. These plans include potential shuttle buses to the downtown area or Devil’s Lake State Park, creating storage space for kayaks and bikes and considering running tours from the building.

“They’ve really seized on that idea and they’ve built it into their business plan,” Bradley said.

Follow Bridget on Twitter @cookebridget or contact her at 608-745-3513.

By Lorie