New role for freight house. The now shabby Jefferson restaurant and pub, out of business since the CoVid crisis, would become an event center across the street from the proposed five-story hotel-apartment structure. Currently the hotel site is an under-used municipal parking lot. Image: Steve Lunde
Deal includes tax breaks that developers sought
WINONA, Minn. – The Winona Port Authority ended years of dickering with developers over a complex financial deal to build a new hotel next to the levee downtown.. The deal, approved unanimously by the Port Authority, includes $4.9 million in tax breaks. The deal remains subject to City Council approval, which is expected. The project is a five-story hotel-apartment building on the city-owned 60 Main parking lot next to the levee behind Second Street. The deal would exempt the project from taxes on the hope it will generate more ennugh new ecomoic acitivity to offset the forgiven taxes.
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