Will Hotel Madison ever be built in Harrisonburg?


Will Hotel Madison ever be built in Harrisonburg?
By Scott Rogers • June 19, 2014
If Hotel Madison is built in the location shown above, it is likely to be without any financial support from the City of Harrisonburg. A private developer, JMU and the City of Harrisonburg have been negotiating for months on details of a potential partnership between the three entities to build a hotel and conference center on the site shown above -- but that deal has now apparently fallen apart. The developer was asking for $10 million towards the conference center construction, which would be a part of the overall $40 million cost of the entire project. Per today's Daily News Record article, after nearly every detail was in place, the City made a few changes to the draft memorandum of understanding, and the JMU Foundation could not agree to those changes. The developer indicates that the project will not be able to move forward without the now unlikely private-public partnership. Read more in today's Daily News Record article, or catch up on how this all played out.... Jun 2014: No Shortage Of Conference Center Interest (Daily News Record) Jun 2014: Developer Surprised Hotel Deal Died (Daily News Record) Jun 2014: Chenault Signs On To Conference Center (Daily News Record) Jun 2014: Council Waits For Hotel Documents (Daily News Record) Jun 2014: Hotel/Conference Center Details Going To Council (Daily News Record) Dec 2013: Downtown Hotel Figures Submitted (Daily News Record) May 2013: Conference Center Details Line Up (Daily News Record) Jan 2013 - City Council asked the developer to conduct a feasibility study Nov 2012 - No new proposals were received. Sept 2012 - City Council discussed proposal, decided to seek competing proposals. Receive Updates by Email Recent Articles: Is There A Price You WOULD Pay For This House? There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 24, 2024 (unless otherwise noted).
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