Almost a year since the Knights of Columbus Hall closed its doors permanently, the City has released more details on a potential development for the 3.5 acre site at 400 W. Upham Street.
Plans were presented to the Joint Review Board this week for a $5.2 million, 86-room hotel to be constructed in 2019.
“It’s very exciting news and I think it could be great for the city. There’s a demand for it,” said Mayor Bob McManus. “What we’ve learned is many times our hotels are packed. With the new stadium coming into town, we believe that’s going to have a good impact.”
The City of Marshfield intends to borrow $1,558,500 for the project, repaid through tax revenue from the new Tax Incremental District (TID) through 2040. The yearly revenue for the city is $127,764. Previously, because the Knights of Columbus was a nonprofit, the city received no tax revenue from the site.
The hotel would be in a relatively convenient location for visitors to the hospital and near shopping on North Central Ave.
Thanks to the formation of the tax district, in 2019 the City will undertake several public works projects totaling an estimated $2,436,503 within a half-mile radius of the district: mill and apply overlay to Upham Street, replace the existing storm sewer on Leonard Street, and complete work on the curb, gutter and sidewalk on Leonard Street and Fig Ave.
As the project progresses, the city will research parking and traffic in the area. Addressing potential concerns over the hotel’s proximity to Grant Elementary, City Administrator Steve Barg said he anticipates that traffic patterns are different for a hotel, and arrivals and departures would not necessarily coincide with school traffic.