Pick Your Community: | Hopkins | Muhlenberg | Daviess | Christian | Henderson | Lakes | McCracken | 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 This material may not be published, broadcast, or rewritten without permission.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...

Choosing and Using Binoculars and Telescopes

GOLDEN POND, Ky. (10/29/14) — The Golden Pond Planetarium and West Kentucky Amateur Astronomers present 'Choosing and… Read More

Governor Beshear Presents Funding for Kuttawa Bike/Ped Trail, Amphitheater at Lake Barkley

KUTTAWA, Ky. (10/29/14) — Governor Steve Beshear today came to Lyon County to ceremonially deliver funding for two… Read More

Most Read This Week

October 29, 2014 9138

UPDATE: Medical Examiner's Official Report…

in Local (Lakes) Top News by Dennis Thomas
October 27, 2014 6244

Earlington Woman Charged With Burglary for…

in Local (Hopkins) Top News by Madisonville Police Department
October 29, 2014 4576

UPDATE: Two More Arrested for Meth at Area Motel

in Local (Hopkins) Top News by Trooper Stu Recke
October 27, 2014 4455

Baptist Health Madisonville Performs Baptist…

in Local (Hopkins) Top News by Kristy Quinn
October 29, 2014 4434

Central City Businessman Indicted by Grand Jury…

in Top News For All Sites by Charles W. Riley II, SurfKY News
October 28, 2014 4369

UPDATE: 'Runner' Ran Home; Family Happy

in Hopkins News by Lisa Crook
October 28, 2014 3692

UPDATE: Extended to Wednesday; Heaven's Gates and…

in Local (Muhlenberg) Top News by Paul McRee, SurfKY News
October 27, 2014 3468

Woman Charged for Domestic Assault with Scissors,…

in Local (Hopkins) Top News by Madisonville Police Department
October 28, 2014 3415

Hopkins County Grand Jury Indictments

in Hopkins News by Karen McKnight
October 27, 2014 3064

SurfKY Exclusive: Patti Everly Recalls Life with…

in Top News For All Sites by Paul McRee, SurfKY News

Stories Trending Today

October 30, 2014 2689

UPDATE: Missing Elderly Couple Found

in Local (Hopkins) Top News by Chief William C. Crider
October 30, 2014 1859

Man Charged with Criminal Abuse of 2-Year-Old Girl

in Local (Hopkins) Top News by Lt. Charles Young II
October 30, 2014 1773

Man Accused of Using Bass Guitar to Strike…

in Local (Hopkins) Top News by Madisonville Police Department
October 30, 2014 1493

Madisonville Police Arrest Reports - Oct. 30, 2014

in Hopkins News by Madisonville Police Department
October 30, 2014 1343

Political Races Affecting Hopkins County

in Local (Hopkins) Top News by SurfKY News
October 30, 2014 1310

Man Charged for Criminal Trespassing at Cross…

in Local (Hopkins) Top News by Madisonville Police Department
October 30, 2014 1208

Bond, Conditions Set for Central City Man Accused…

in Local (Muhlenberg) Top News by Charles W. Riley II, SurfKY News
October 30, 2014 1143

MCTI to Present 'Anne of Green Gables'

in Local (Muhlenberg) Top News by Paul McRee, SurfKY News
October 30, 2014 1134

Golden Arches Added to City’s Eastern Skyline;…

in Local (Hopkins) Top News by Tammy Holloway, SurfKY News
October 30, 2014 922

Church Puts Unique Spin on Traditional Holiday

in Local (Hopkins) Top News by Tammy Holloway, SurfKY News

SurfKY News Group, Inc.
Corporate Office & Studio
1125 Nebo Rd.  •  Madisonville, KY 42431
270.452.2727 (phone)
  •  270.452.2249 (fax)


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

social fbsocial twsocial yt
social gpsocial flrsocial rss