GREEN BAY - Some major changes could be coming to downtown Green Bay.
That includes a new housing complex as well as a new owner for a hotel.
The city's Redevelopment Authority unanimously approved these projects Tuesday afternoon. However, the city council still has final approval.
The potential buyers for the Clarion Hotel have big plans for the property.
"Completely redoing the guest rooms, furnishings, carpeting, corridors, lobby, front desk areas, guest area, probably down to bare walls and starting over," explained Senior Regional V.P. of American Hospitality Management Chris Godfrey.
The developer has operated the hotel for the past two years. The city purchased the foreclosed property earlier this year for nearly $3 million.
However, under the purchase agreement, the city would lose about $150,000.
"It's not a loss, the way we look at it, that's our investment," explained Green Bay Community Development Director Rob Strong.
City officials say it's a good deal. Especially, they say, since it ensures the KI Convention Center expansion can happen. That plan would extend onto the hotel property.
"We spent $150,000 to get all the easements, footings, as well as the space where the meeting rooms are that was our investment and that was why we purchased the property," Strong said.
So what hotel will take over the property? Developers say that's still being worked out.
"We've been talking to the big four, IHG, Hampton, Marriott, and Choice, and so that's to be determined," Godfrey said.
A few blocks over, the Redevelopment Authority also approved a development agreement for a seven story housing complex.
The project would be located on the corner of Washington and Walnut Street. It's expected to house 93 residential units, and 3,300 square feet of retail space.
The developer, Dermond Group, hopes to break ground by December. As for the Clarion, developers plan to work around the KI expansion schedule. That project is set to begin next fall.
Both projects need final approval from the city council before moving forward. That vote is expected next Tuesday.
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