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By Fred Street (anonymous) | Posted August 19, 2011 at 11:26:05
Downtown BIA Update (Vol. 4 Issue 17, August 19, 2011):
“Mayor Bob Bratina reports that discussions were held recently with developers and owners Ted Valeri and Rudi Spallacci of the Connaught Hotel and it looks like work will commence on the Grand old Lady in the next few weeks. The Mayor states that the project will be concentrating on the existing structure to create condominiums. It will also include the restoration of the older section back to its hotel roots. The hotel was purchased in 2005 for $4.5 million by a consortium called Grand Connaught Development Group but was forced into bankruptcy in May 2010. Let's hope we see a sales office opening soon.”
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