At last night’s City council meeting, we learned that the $2,270,000.00 “facelift” of the Hostess House is “in the thick of the interior electrical work and exterior stone matching with a scheduled completion date in August.“
Wait, what?? AUGUST??
That is a far cry from what we heard six months ago when this debacle was approved. The groundbreaking ceremony was back on June 26th of this year. The notice to proceed (NTP) was scheduled for July 1st“with a contracted time for substantial completion by 180 days.” [see page 113 City council packet]
By my math, that would mean around the first two weeks in January of 2025 – or about a month from now.
Originally, the whole idea was to have this thing done in time for the spring. You know, so they can rent it out for weddings, parties, etc.
But with this new date in August, they are going to miss ANOTHER eight months of the year – in addition to all the time THIS year it has been closed.
Of course, even if they rent it out all year round, they themselves admit they will only make about $12,000 to $15,000 per year on the deal. Which gives us a payback period of ($2.27mm/$15,000) approximately 151 years.
I think by that time, Erin Corbel will be about the same age as TJ Monroe.
What a great deal!!
Reminder of how it all started five years ago…..
