Hotel Northland’s $2.6M Loan Deal | Green Bay News

Hotel Northland owners are asking Green Bay city to forgive a $2.6 million loan so they can sell the historic hotel — offering to pay the city $1 million from the sale to make it happen. The deal stems from a $50 million renovation in the 2000s and a city-held mortgage tied to federal funds. If approved, the city would take on the debt or risk losing federal grants. Once a premier hotel hosting presidents and Packers legends, the 1924 landmark fell into disrepair before its revival. The owners initially sought release to avoid foreclosure, now hoping the sweetened offer will save the property from further financial peril. City council votes July 21 on a decision that could preserve the hotel’s legacy — or let it fall. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/5801dc499e988ad2