TWO BUILDINGS IN DOWNTOWN SIOUX CITY HAVE BEEN AWARDED HISTORIC PRESERVATION TAX CREDITS BY THE IOWA ECONOMIC DEVELOPMENT AUTHORITY.
THE WARRIOR HOTEL PROJECT WAS AWARDED OVER $7 MILLION DOLLARS AND THE DAVIDSON BUILDING PROJECT RECEIVED AROUND $4.3 MILLION IN TAX CREDITS.
MARTY DOUGHERTY, SIOUX CITY’S ECONOMIC DEVELOPMENT DIRECTOR, SAYS IT’S GREAT NEWS FOR THE PROJECTS AND THE CITY:
OC……..A VERY GOOD SIGN. ;25
THE HISTORIC PRESERVATION TAX CREDITS WILL HELP OFFSET COSTS IN THE REMODELING OF THE TWO STRUCTURES INTO A NEW HOTEL AND MIXED USE BUILDING;
OC……..PUT BACK TO USE. ;16
LOCAL BUSINESSMAN LEW WEINBERG, ALONG WITH ST. LOUIS-BASED DEVELOPER RESTORATION ST. LOUIS, PLAN TO TURN THE FORMER WARRIOR HOTEL AND DAVIDSON BUILDINGS INTO A MARRIOTT BRAND HOTEL.
WEINBERG PLANS TO RESTORE THE 88 YEAR OLD WARRIOR AND THE 105 YEAR OLD DAVIDSON BUILDING INTO A 146 ROOM BOUTIQUE HOTEL WITH 22 LUXURY APARTMENTS AND ADDITIONAL COMMERCIAL AND RETAIL SPACE.
