Rick Goodemann, executive director of Southwest Minnesota Housing Partnership of Slayton, said Tuesday that a $3.6 million project to redevelop the Lakeland Hotel in downtown Willmar is not feasible because the housing partnership was unable to obtain low-income housing tax credits allocated by the Minnesota Housing Finance Agency. Tribune photo by Gary Miller
Proponents look to the positives in failed development plan for Willmar, Minn., hotel
WILLMAR -- Downtown improvement proponents are disappointed the proposed $3.6 million rehabilitation of the historic Lakeland Hotel in Willmar fell through Tuesday after difficulties arose with the project's complicated financing plan.
But they vow to maintain a broad coalition of supporters and to find other developers or ways to move the project along.
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