Pick Your Community: | Hopkins | Muhlenberg | Daviess | Christian | Fayette | Henderson | Lakes | McCracken | Warren | Webster
Davis Motor Sales banner ad

Mayor Gayle Kaler Makes Statement About Downtown Hotel Project

paducah city commission blue1 300PADUCAH, Ky. (8/19/13) – Mayor Gayle Kaler says the Paducah City Commission met in closed session this morning with City Manager Jeff Pederson and David Denton, the City’s attorney, to look over a financing commitment received by the hotel developers and shared with the city.
 
This week, the city was notified that the Louisville, Kentucky and Nashville, Tennessee-based hoteliers have received a firm offer to finance the project by a local bank. Mayor Kaler says, “While this is certainly very encouraging, it does not represent the final piece of this puzzle. Much remains to be done. The city needed this opportunity today to understand the financing offer along with the city’s obligations to better understand the total project.”
 
For two years, the City of Paducah with the assistance of its downtown development agency, Paducah Riverfront Development Authority (PRDA), has been recruiting and negotiating with Louisville-based developers David Puckett and Todd Clark, as well as Nashville-based Senate Hospitality, to bring a new hotel adjacent to the Julian Carroll Convention Center in downtown Paducah.
 
Mayor Kaler adds, “All things considered, it’s a great day. The financing offer the developers received is substantially consistent with the expectations of the city. But it’s premature to say we have reached an agreement.”
 
The hotel planned for the site next to the Julian Carroll Convention Center is a six-story, 121-room nationally-branded hotel. The hotel will be attached to the Julian Carroll Convention Center via a pedestrian bridge over the floodwall with parking available adjacent to the hotel and on a portion of the former Executive Inn site. The hotel will be located on the site where the dome pavilion currently is located. The City is working with the pavilion’s manufacturer, Arizon, to market and sell the structure.
 
The former convention center hotel, the Executive Inn, closed in 2008 after utilities were disconnected for non-payment. The financially troubled hotel reopened briefly in April 2009. The City purchased the hotel in 2009 with demolition completed in 2011.
 
SurfKY News
Information provided by Pam Spencer

© Copyright 2014 SurfKY News Group, Inc. All rights reserved. This material may not be published, broadcast, or rewritten without permission. SurfKY News encourages you to share this story by using one of the social media links below.

In Other News...

Deadline Nearing for Educational Field Trip Grants

GOLDEN POND, Ky. (4/15/14) — Are you an educator interested in planning a field trip to experience the Land Between The… Read More

Cadiz Police Reports — April 16, 2014

CADIZ, Ky. (4/16/14) — The Cadiz Police Department released the following arrest reports on Wednesday, April 16.… Read More

Most Read This Week (Site-Wide)

April 16, 2014 18275

UPDATE- Sheriff's Office Following Leads…

in Top Stories by Taylor Riley, SurfKY News Reporter
April 14, 2014 6056

U.S. Bank Hanson on Lockdown Due to Bomb…

in Top Stories by Rita Dukes Smith, SurfKY News Director
April 14, 2014 5159

Pedestrian Killed During Two Vehicle…

in Top Stories by Chris E. King
April 13, 2014 4380

One Dead in Two Vehicle Head On Collision

in Top Stories by Chris E. King
April 15, 2014 2900

Police Searching for Sureway's 'Baby…

in Top Stories by Taylor Riley, SurfKY News Reporter

Most Read Stories from Hopkins County

April 14, 2014 5159

Pedestrian Killed During Two Vehicle…

in Top Stories by Chris E. King
April 13, 2014 4380

One Dead in Two Vehicle Head On Collision

in Top Stories by Chris E. King
April 15, 2014 2900

Police Searching for Sureway's 'Baby…

in Top Stories by Taylor Riley, SurfKY News Reporter
April 15, 2014 2529

Multi-Agency Investigation Leads to Drug…

in Top Stories by Lori Blakeley
April 13, 2014 1835

One Injured in ATV Accident in Dawson…

in Top Stories by Chris E. King

Most Read Stories from Owensboro

April 14, 2014 1869

Grow Garden Grow - Spring Has Sprung

in News by Barbara Cecil Russ
April 15, 2014 1328

Owensboro Police Investigate Auto Accident

in News by Michael Hathaway
April 15, 2014 1035

Owensboro Parks Offers Tennis Lessons

in News by Britni Bunn
April 13, 2014 958

Two Daviess County Men Busted for…

in Top Stories by Scott Gibbs
April 14, 2014 618

Owensboro Health Hosts Tours for…

in Top Stories by Dennis Beard, SurfKY News

Most Read Stories from Muhlenberg County

April 13, 2014 2854

Muhlenberg 4-H is Buzzing

in Top Stories by Janie Culton
April 16, 2014 2399

Sheriff's Deputies Nab Central City…

in Top Stories by Sheriff Curtis McGehee
April 14, 2014 2288

MCC Staff Shares Good News with…

in Top Stories by Paul McRee, SurfKY News Reporter
April 15, 2014 1648

'Walk Right Back' An Everly Brother's…

in Top Stories by Paul McRee, SurfKY News Reporter
April 15, 2014 1492

Local MCHS Students Train at Job Corps

in Top Stories by Karen Robinson

SurfKY News Group, Inc. Central Office & Printing Division
1125 Nebo Rd.  •  Madisonville, KY 42431  •  270.452.2249 (fax)
Main Number: 270.452.2727 (phone)  •  Printing Division Direct Line: 270.821.8600 (phone)

SurfKY Owensboro News Bureau
920 Frederica St. / Suite 210  •  Owensboro, KY 42301  •  270.683-8060 (phone)


Contact a member of our staff: www.surfky.com/contact
Copyright © 2014 SurfKY News Group, Inc.  •  Terms of Use  •  Site Map

social 06social 21social 22social 04social 03