Far more interesting than the meeting, was the work session
that followed the Cascade Council regular meeting last evening.
A collegiate-looking
guy in his 40s wearing blue cords and a gray V-neck sweater named Mike from
Wyndham Hotels and Michelle a voluble young woman in a tight black dress with a
sun or a sunflower on it from IKWE, the finance arm of a small-town hotel
building, both spoke.
We listened. And learned that the city
has already done a survey to probe
the need for a hotel. Seems one will
cost in the vicinity of $4 mill, $70,000 to $100,000 “per key,” as their jargon
calls, i.e. rentable rooms.
IKWE’s role
in this will be to “help the city decide what is the best fit…” and rustle up
investors. She hinted there might be a
couple in Dubuque and would look for local ones. Get your checkbook out, Ladies & Gents, the next meeting will be the investors.
Some of it
was pure sales pitch: Mike said, they could offer “a gamut of options to cater
to the community.” Michelle asserted, “A hotel keeps money in the community.” An
overnight guest eats in local restaurants, buys gas, antiques, etc.
The hotel,
which will need an acre or two, will be located on the Miracle Mile/Urban
Sprawl (depending how you see it)just as you come into town. The mayor said the
city already had the infrastructure out there.
So far the city has spent taxpayer money
installing infrastructure on the east/industrial side of town, neglecting older
portions of the city, a couple of which desperately need new sewer lines. As we
left the meeting Michelle asked me if I were the newspaper, “No.” Just the
loyal opposition with a Critical Eye Q!