Last week, the Northfield EDA recommended that the City enter into a partnership with the Archer House: a $100k forgivable loan in exchange for ADA-compliant toilets for public use. I like the idea and I think Dallas Haas would, too. See pages 9-21 in the June 25 EDA packet; the June 27th Nfld News story; and the June 26 Friday Memo in which Joel Walinksi wrote: (continued)
The EDA Thursday provided their recommendation of a $100,000 forgivable loan to that site, the owners of the Archer House River Inn, to be used as gap financing for the estimated $1.25M Archer House renovation project. The forgivable loan would be a Master Development Loan, which will require council approval before the agreement is finalized from a fantastic read.
In addition to a significant renovation of the Archer House, a downtown Northfield landmark, this agreement also establishes a partnership between the Archer House and City on the public use of private space. As part of this agreement the ADA compliant restroom facilities will be available to the public daily from 6:00 AM to 12:30 AM.
At the EDA meeting, Mr. Brett Reese and Mr. Todd Byhre, representing the Archer House, provided a presentation on the extent of the renovation project and a general assessment of the newly focused business plan of the inn. In July, Council will be asked to consider approval of this agreement.