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Broadway boutique hotel project receives preliminary acceptance for point out tourism incentive | Business enterprise

A prepared rehabilitation of the Aged Simon Warehouse on Broadway Street into a boutique hotel might be getting a economical strengthen from the point out, if preliminary acceptance from the Tourism, Arts & Heritage Cupboard will get finalized.

The task is spearheaded by Frankfort real estate developer Frank Haydon and Glenn Watkins, co-proprietors of The Broadway Building, LLC, as nicely as building team Weyland Ventures of Louisville. The team designs to change the 38,000-sq.-foot previous furniture storage facility into a much more than 40-space resort, with the opportunity for assembly room and a cafe, per Haydon’s legal professional, Charlie Jones.

If it receives remaining approval from the point out, the group could get well up to 25% of growth expenditures by means of the Tourism, Arts & Heritage Cabinet’s Growth Incentive Plan.

As portion of the acceptance method, the cupboard will hold a general public listening to with regards to the venture by means of Zoom on Thursday, May 13, at 1 p.m. 

The Condition Journal submitted an open documents request for the application, and related components, to the Tourism, Arts & Heritage Cabinet but has but to obtain a response.

Previously this year, the city agreed to sell an adjacent lot, valued at $125,000 by the Franklin County Residence Valuation Administrator’s Office, to The Broadway Making LLC for $1,000. Jones claimed the group ideas to use that good deal for parking, and at the time he pitched it to the town as an investment in financial growth.

Previous Frankfort Plant Board Chair Anna Marie Rosen questioned the legality of that discounted sale, as the land was remaining employed by the municipal utility, when it transpired. Jones said present-day FPB officers experienced no difficulties with the sale.

For closing acceptance, the cabinet will also use an impartial marketing consultant paid for by the developer to carry out an in-depth examine to make guaranteed the venture meets the demands of the program.

The point out system refunded a whole of $6.2 million to 17 diverse initiatives final fiscal calendar year.

These wishing to remark on the purposes in connection with the proposed venture might take part in the general public listening to by contacting Angela Blank for Zoom access information and facts at 502-892-4001 or [email protected]