CLEAR LAKE – A possible hotel and convention center project is on the horizon in Clear Lake.
Clear Lake City Administrator confirmed that the City of Clear Lake is engaged in on-going negotiations involving a pre-development agreement and letter of Intent with a developer and facilitating additional negotiations that would enable the construction of an +80 plus room hotel; event/meeting/conference center; and restaurant.
Mr. Flory advises the the anticipated capital cost could be in excess of $10 million, but that is still being determined. Flory also commented that while he is optimistic a Development Agreement could come before the City Council soon, much additional due diligence remains to be done. He stated that this is the kind of project Clear Lake has had on its radar screen for a couple years, in particular following the success of the McKesson project, and that it has the potential to be catalystic for the community.
Mr. Flory told NIT that he could not confirm the “precise location” of the development. Rumors have been swirling for some time that land just north of the new Kwik Trip truck stop, just west of 32nd Street and east of Interstate 35, is the location of a future big development.
The Clear Lake city council is expected to possibly take up the matter soon.