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Auburn looking to build conference center, renovate Hawthorne House

Posted by

Angela Gary

in Auburn Archives

Thursday, March 31. 2011

Comments (5)

The City of Auburn presented architectural renderings from Morrison Design and Robert and Company at a public hearing Tuesday for the creation of a conference center/social event gathering place with a $2 million USDA loan.
Provided the loan is approved, the project will include building an estimated $1.1 million new structure on the property of the Hawthorne House and an estimated $350,000 renovation to the current house.

The city plans its renovation of the residential structure, which sits on approximately three acres of land, for civic use. Lucas said the home is intended to be a community-events venue that the public could rent out for events such as baby showers, bridal showers, and gourmet cooking and scrap booking. The plans also allow for space to display some of the historical artifacts from Auburn.

For the full story, see the March 30 issue of the Barrow Journal.

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#1 wondering on 03/31/11 at 06:40 AM [Reply]

Exactly how is this thing going to generate revenue for the city? It would have to be sufficient to offset the taxes lost and the cost of maintaining and staffing the building.
Does the city really need to compete with private enterprise in this business?

Millions of dollars for this? In this economy?

#2 Playhouse on 03/31/11 at 01:14 PM [Reply]

This will be a playhouse for the mayor and her friends.

Just check with other Barrow cities to see how little revenue they generate from similar buildings.

#3 10k on 03/31/11 at 01:17 PM [Reply]

Monthly payment on a 30 year loan at 5% interest would be over $10,000 per month.

Plus insurance. Plus utilities. Plus maintenance.

#3.1 Annie Omus on 03/31/11 at 03:23 PM [Reply]

USDA loans have negotiable interest rates as well as fixed or adjustable rate mortages for urban business development. It would be intersting to know what the interest rate they negotiated is as well as if they took ARM or fixed. I don't know how they expect to generate enough money per month to repay the mortgage plus everything else. Wonder what the plan/idea is for the three acres it sits on? Maybe that can generate some revenue?

#4 CA on 04/05/11 at 07:54 AM [Reply]

Why don't you raise chickens there? Give the Auburn Nazi police something to do !

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