Following the destruction of the historic Hotel Marysville by fire, which had an impact on local businesses and traffic, the City of Marysville has negotiated a settlement. As part of the settlement, the hotel’s owners will give the city $700,000 and give the city ownership of the property.
“We’re on record today as the new owners,” said Council Member Dom Belza, according to KCRA. Therefore, that will provide us with a wealth of financial and resource opportunities.” The city can now seek for federal subsidies to demolish the hotel thanks to this acquisition. The reopening of Highway 70 will be the first use of the settlement cash.
In a statement that KCRA was able to receive, Maria Salazar, the owner of Bellisima Salon, expressed her relief: “We haven’t had a lot of traffic because my business is in the closure zone. I’m thrilled about that. It has taken me many months to deal with this, therefore I’m looking forward to the opening.” She added that since the fire, her income had decreased by as much as 50%.
“Our immediate plans involve re-opening the state highway as the first step in a two-step process for total remediation and future development,” stated City Manager Jim Schaad in the ABC10 story, outlining the extent of the work. In the near future, specifics about such intentions will be released. Once more, the initial phase entails sufficient effort to return traffic patterns to normal. The complete plan’s structure will be determined by a real-time, ongoing assessment of financial risk and expenses. According to official Yuba County updates, building is expected to start in December and be finished by mid- to late January.
The city will be in a great position to direct initiatives that benefit the community once the property is cleared and prepared for development, Mayor Chris Branscum said, underscoring the city’s long-term objectives. In order to facilitate this, the Yuba County Board of Supervisors has approved $250,000 for the destruction of the hotel’s top floor. This phase is expected to cost between $700,000 and $840,000.
Note: Thank you for visiting our website! We strive to keep you informed with the latest updates based on expected timelines, although please note that we are not affiliated with any official bodies. Our team is committed to ensuring accuracy and transparency in our reporting, verifying all information before publication. We aim to bring you reliable news, and if you have any questions or concerns about our content, feel free to reach out to us via email. We appreciate your trust and support!
Leave a Reply