Communication Builds Our Community
Communication Builds Our Community
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Despite a significant ruling in favor of the city, the future of the Walesbilt Hotel still hangs in the balance of an active lawsuit, Deputy Mayor Robin Gibson told the city commission during the boards' regular meeting Tuesday night. The ten-story boom-era hotel, constructed in 1926, is the dominant feature of the city's downtown and has been a topic of discussion by the commission for more than a decade. It has remained vacant since 1996. In a 33-minute presentation at...
A proposed multi-million dollar rehabilitation and redevelopment of the eleven-story Walesbilt Hotel in downtown Lake wales crept closer to reality Tuesday as representatives of a development team met with city officials to negotiate an agreement on the project. A second meeting is planned for Thursday. The city issued a statement on Wednesday evening characterizing the initial meeting as "productive." Representatives of the developers offered no comment on the negotiations...
A Walesbilt Hotel redevelopment project is "within 90 days of having a firm loan commitment," according to Michael H. Frost, president of Buena Vista Hospitality Group, Inc. (BVHG). Frost spoke to LakeWalesNews.Net shortly after learning that the Lake Wales City Commission will consider approving initiation of a lawsuit to attempt to regain title to the property this week. Frost's Buena Vista Hospitality Group is the same organization that completed the refurbishment of the...
Details of the pending redevelopment of the Walesbilt Hotel continue to emerge as members of the development team prepare to share plans with the City Commission at Tuesday's meeting. The long-awaited hotel project is seen as the lynchpin of downtown project being sparked by the Community Redevelopment Agency. The CRA has authorized the issuance of bonds up to $18.5 million to fund extensive reconstruction of downtown streets as part of the Lake Wales Connected plan. That...
