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Cedar Rapids Looks to Eminent Domain to Buy Hotel

Nov 8, 2010 9:50 AM

From KCRG-TV.com:
City Wants to Buy, Renovate Convention Center Property
Cedar Rapids, IA Mayor Ron Corbett on Friday said he will ask the City Council next week to take a legal step that will clear the way for the city to use its power of eminent domain to purchase the Crowne Plaza Five Seasons Hotel without the owner’s consent. The owner is the hotel’s creditor, CWCapital LLC, which took possession of the 275-room, 31-year-old hotel in December after foreclosing on the former owner. Click here for the full story.

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