New hotel slated to open in spring

Wednesday, October 14, 2015
From left, MEDC board member Chris Wagner, MEDC Executive Director Rex Nelson, MEDC board member Warren Jones, BriMark Builders President of Development Jeremy Griesbach, McCook Mayor Mike Gonzales and MEDC board president Jim Ulrich. (Bruce Baker/McCook Gazette)

McCOOK, Neb. -- Construction of a new 54-room hotel with indoor swimming pool kicked off this week in McCook and is anticipated to be completed by next spring.

Representatives from BriMark Builders and Cobblestone Hotels coordinated a ground breaking ceremony at the development site Tuesday afternoon and shared their appreciation for local support. BriMark Builders president Jeremy Griesbach said the project wouldn't have happened without the use of Tax Increment Financing and thanked McCook economic development and city officials for their support.

Griesbach referenced slightly more than $625,000 in TIF approved by City Council in May as part of the $4.6 million redevelopment plan for the project.

The TIF funds are captured and redistributed from future property taxes paid on the location, in excess of what had been paid prior to development.

The redevelopment plan estimated the property to have an assessed value of $80,000 prior to construction and just shy of $4 million afterwards.

The three-story hotel will be located at the northeast corner of the intersection of U.S. Highway 83 and N Street and feature an indoor swimming pool and 50-person meeting space.

The McCook location is among 11 Cobblestone Hotels under construction in Nebraska, Kansas, Pennsylvania, Iowa and North Dakota, according to Griesbach. He said Cobblestone Hotels currently operates 60 hotels nationwide.

Cambridge, Nebraska, celebrated the opening of a new 31-room Cobblestone Hotel in June. Similar construction projects are underway in nearby Oberlin and Quinter, Kansas.

View 1 comment
Note: The nature of the Internet makes it impractical for our staff to review every comment. Please note that those who post comments on this website may do so using a screen name, which may or may not reflect a website user's actual name. Readers should be careful not to assign comments to real people who may have names similar to screen names. Refrain from obscenity in your comments, and to keep discussions civil, don't say anything in a way your grandmother would be ashamed to read.
  • $4.6 million dollar investment. Thanks to BriMark, Cobblestone, the city and the MEDC progress in the area continues.

    -- Posted by dennis on Wed, Oct 14, 2015, at 6:01 PM
Respond to this story

Posting a comment requires free registration: