33-unit hotel may soon be opening in Isanti
A hotel could soon be coming to Isanti. The Isanti City Council approved a development plan and Tax Increment Financing (TIF) with Isanti Hotel Partners LLC at its meeting June 19.
Construction of the 33-unit hotel with a pool is scheduled to begin by July 2012. The project cost is estimated at over $3.2 million and the city estimates it will generate nearly $100,000 in new annual property taxes with $30,000 collected annually for Isanti.
Five to seven new jobs will be created with the 12,900 square foot hotel, with wages ranging from $11 to $12 per hour including benefits. The hotel will be located east of Hwy. 65, near Landmark Community Bank and Prairie Senior Cottages. See more in Elizabeth Sias’ Isanti County News story.
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