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City Council terminates agreement with Wilmington River Group

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The City of Wilmington needs a new hotel developer. At its meeting Tuesday night, City Council voted to terminate an agreement with Wilmington River Group. The company was supposed to build the Hotel Indigo next to the new convention center. Last month, the city extended the deadline for a sixth time for the group to get a million dollar letter of credit, but the city attorney said it could not get an adequate letter or proof of financing to move forward. Council plans to meet with the convention center management firm October 5h to figure out what is next.

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OLD ARTICLE

This news report is old and not to be confused with the NEW plans for Hotel Indigo with a Marina/Baseball field being constructed in 2012-2013.

MOTEL 6

Hey Billy Saffo , the MOTEL 6 would be a great addition to this failed project and they will even leave the light on!

yay!

YAY CITY COUNCIL! Ya finally did something correct!

Money

If there was a chance to make money River Group would be building away. However, they see the light. The motel will be as empty as the Convention Center. They will have to pay for the motel and the tax payers will have to pay for the Center.