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...

MCCH Volunteers Provide More Than 530 Free Sports Physicals for Local Athletes

MURRAY, Ky. (7/26/14) — A team of seven volunteer physicians, four APRNs and 31 other staff recently provided free… Read More

Calloway HS Teacher Receives Kentucky 2014 Outstanding Business Teacher Award

CALLOWAY COUNTY, Ky. (7/26/14) — Vicki Simmons, Calloway County High School Business teacher, received the 2014… Read More

Most Read This Week (Site-Wide)

July 24, 2014 3752

Powderly Man Injured in Apparent Gun…

in Top Stories by Charles W. Riley II, SurfKY News
July 23, 2014 2724

Crime Stoppers Top Most Wanted - July 23,…

in Top Stories by Crime Stoppers
July 24, 2014 2657

Madisonville Man Charged for Drugs,…

in Top Stories by Trooper Stu Recke
July 23, 2014 2262

Greenville Family Loses Home, Possessions…

in Top Stories by Charles W. Riley II, SurfKY News
July 25, 2014 2071

No One Injured in Truck-Train Collision

in Top Stories by Ami Clayton, SurfKY News

Most Read Stories from Hopkins County

July 23, 2014 2724

Crime Stoppers Top Most Wanted - July 23,…

in Top Stories by Crime Stoppers
July 24, 2014 2657

Madisonville Man Charged for Drugs,…

in Top Stories by Trooper Stu Recke
July 25, 2014 2071

No One Injured in Truck-Train Collision

in Top Stories by Ami Clayton, SurfKY News
July 25, 2014 1354

Vehicle Strikes Lawn Mower Driven on…

in Top Stories by Dep. Mike Evans
July 24, 2014 1047

Hopkins County Fair Provides Family Fun

in Top Stories by Ami Clayton, SurfKY News

Most Read Stories from Owensboro

July 23, 2014 1515

Owensboro Neighborhood Alliance Meeting…

in News by Sherry Girten
July 23, 2014 1457

Fall Baseball League Registrations

in News by Brittni Bunn
July 24, 2014 1288

US 231 Ohio River 'William Natcher'…

in News by Keith Todd
July 24, 2014 967

Maintenance Scheduled at Fisher Park and…

in News by Brittni Bunn
July 24, 2014 823

Portion of Spring Bank Drive Closed…

in News by Sherry Girten

Most Read Stories from Muhlenberg County

July 24, 2014 3752

Powderly Man Injured in Apparent Gun…

in Top Stories by Charles W. Riley II, SurfKY News
July 23, 2014 2262

Greenville Family Loses Home, Possessions…

in Top Stories by Charles W. Riley II, SurfKY News
July 23, 2014 1962

Swinging for Sadie Raises $6,000 for…

in Top Stories by Paul McRee, SurfKY News
July 24, 2014 1696

Muhlenberg to Have State's Only Honey…

in Top Stories by Charles W. Riley II, SurfKY News
July 24, 2014 1256

Marching Mustangs Band Camp Underway

in Top Stories by Charles W. Riley II, SurfKY News

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