The Urbana City Council voted 6-0 Monday night to approve a redevelopment agreement to help finance a Maryland hotel developer’s plan to renovate and reopen the downtown Urbana Landmark Hotel.
There’s a new developer lined up to buy and reopen the Urbana Landmark Hotel. And Mayor Diane Marlin says this new project is worth the city’s investment.
The owner of the Urbana Landmark Hotel has lost a second bidder for the shuttered property.
An unnamed firm has submitted a winning bid of $1.3 million to buy the Urbana Landmark hotel.
Lincoln Square Mall and the old hotel adjacent to it were built to attract people and dollars to downtown Urbana. Both buildings have seen better days. But city officials hope to revitalize the Lincoln Square area — and they’re asking the public for ideas.
