Communication Builds Our Community
Communication Builds Our Community
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The long, seemingly endless tale of the Walesbilt Hotel continues to make its way toward an eventual settlement, although it's a process Walesbilt Hotel LLC seems determined to extend. Lake Wales Deputy Mayor Robin Gibson briefed City Commissioners on the state of the lawsuit following a court-required mediation session that took place Tuesday. That process is confidential, so Gibson was barred from sharing what was discussed or proposed, and will be until any additional...
Following the collapse of negotiations Lake Wales Community Redevelopment Agency is proceeding with a lawsuit against the Dixie Walesbilt LLC. That action is expected to filed by Monday. The 96-year-old building has been the subject of an ambitious redevelopment proposal that would bring a luxury hotel chain to the building while redeveloping the adjacent properties. Negotiations have taken place during the past three weeks, but failed to reach an agreement which would...
With a promise to hold a special meeting if needed, Lake Wales City Commissioners agreed Tuesday evening to enter negotiations with a development consortium hoping to rehabilitate the historic Walesbilt Hotel in downtown Lake Wales. The deal may depend on whether the two parties can reach a deal within weeks. "Our main goal is just partnering with the City," Daniel Greenberg of Blue Chip Commercial Capital, LLC. told commissioners, pointing out that they already have a...
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...
The long-delayed resolution of the contract between the City of Lake Wales, the Community Redevelopment Agency and Walesbilt Hotel owner Ray Brown may be heading to a concluding chapter. Brown had been granted title to the building more than a decade ago on an agreement to redevelop the structure. Tuesday's City Commission agenda will include consideration of whether the city should file a lawsuit or take other action to regain possession of the eleven-story structure after...
