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Thursday, July 18, 2024

County approves abatement for ML hotel

A proposed hotel project in Mt. Lake got a boost toward fruition Tuesday.

At a special meeting, Cottonwood County Commissioners approved a tax abatement for the project. The abatement will be worth $225,000 over a term of up to nine years.

The abatement came after a request from the Mt. Lake EDA, seeking a tax abatement with similar terms to a TIF district, which the project was not eligible for.

More on Tuesday’s meeting will appear in the Sept. 20 print and e-editions of the Citizen.

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