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New Port Richey council approves funding to continue Hacienda work

NEW PORT RICHEY — The New Port Richey City Council has approved more funding for renovations to the Hacienda Hotel as uncertainty continues to surround who will redevelop it.

During a meeting Tuesday night, the council, sitting as the Community Redevelopment Agency Board, approved spending up to $100,000 to reconstruct historic balconies and French doors on the historic 1927 building, on Main Street in the heart of downtown.

The city purchased the Hacienda in 2004 for more than $2 million, but the building has since sat dormant as deals with developers to renovate the property have fallen through, most recently in July when the city's partnership with a father/son development team that planned to build a boutique hotel in its historic footprint fell apart.

In addition to the $100,000 approved Tuesday, the city is also seeking $750,000 in grants from the state Division of Historical Resources to continue renovations at the Hacienda. If won, the grants would be in addition to a $1 million grant the state has already awarded the city, which led to a new roof for the building, among other renovations.

The work already done to stabilize the hotel has put a dent in the estimated cost of $5.6 million to fully redevelop the building. Now it remains to be seen if the city can find a new development partner. The city plans are to seek bids once a study is completed by a consultant to determine market viability.

New Port Richey council approves funding to continue Hacienda work 10/19/16 [Last modified: Wednesday, October 19, 2016 11:19am]
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