The Standard-Examiner finally gets around to providing a writeup on the outcome of the bond approval issues which were on Tuesday night's Council agenda, with this morning story which reports that the council approved "$9 million in facility bonds to help finance construction of a four-story Hilton Garden Inn Hotel at The Junction development downtown." Mr. Schwebke also reports that a vote on the the $2.8 million in special assessment bonds has been scheduled for next Tuesday (December 14), and that a decision whether to issue up to $3 million in tax increment bonds has been set for Dec. 21:
• Ogden OKs $9M bond for Hilton constructionIt looks like Mr. Garn's Junction Hotel is a fait accompli, as the council jumps through all the formal public notice hoops, and increases the taxpayers' indebtedness by another $16 mil.
Mr. Schwebke carefully notes that "Garn will be responsible for repaying the facility bonds." With that in mind, lets all keep our fingers crossed that when the smoke clears on all this that Garn turns out to be in better financial shape than former Godfrey Moneyman, Gadi Leshem.
And to existing hotel operators like Susan Cross, assistant manager of Ogden’s Comfort Suites Hotel, who warned that " Ogden is not ready for an additional 125 rooms" ...
Tough Luck!
What the evil Boss Godfrey wants, Evil Boss Godfrey gets.
