SI Resorts still hasn’t built anything. Mississippi $410M Mega Project w/ $10M in Bonds and Tax Breaks gone Missin’
A recent news report from D’Iberville, Mississippi puts a new perspective on how asset-light a major project in the heart of Downtown Ann Arbor could be. Residents just learned of a $200,000,000 Bond request from the City for the development. Join Gunther for his first ever on-location report as he hits the road.
New FOIA Released with Proposed Deal Term Sheet!!
$200,000,000 in city bonds requested for Ann Arbor’s sports-themed downtown hotel, an Executive Summary of the transaction details, and a Memo of Recommendation drafted to City Council by City Administrator Dohoney and marked up by Chris Schroeder (CEO of Sports Illustrated Resorts) and Odis Jones (CEO of Cobblestone). 🧾 📝
Save the Dates! City Calls a Mid-January-ish Meeting
During the 12/18/23 City Council Meeting, City Administrator Dohoney noted during his communication that:
“Just to mention that we’re planning to hold a community meeting sometime around the middle of January with regards to the Sports Illustrated Hotel Project.”
As it wasn’t reported in the local news, Gunther is your synthetically suited up truth diver, ready to plunge into the depths of City Hall and fish out the facts. 📡 📺