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City agrees to extend abatement so hotel can be marketed
Seven years into a 10 year agreement, investors feel efforts are hindered by rising taxes
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A group of investors in Hoisington is currently marketing for sale the Rodeway Inn hotel on K-4. At the Monday night city council meeting, members agreed to help with their efforts by locking in the current tax abatement, and extending it for 10 years to any potential buyer. - photo by Courtesy
HOISINGTON — At the Monday, Feb. 25, city council meeting, Hoisington City Manager Jonathan Mitchell shared a request from a group of local investors for assistance in marketing the Rodeway Inn, the city’s only full-service hotel. The council agreed by offering to extend the tax abatement period for that property an additional 10 years to a potential buyer, sweetening the deal for any potential buyer.