The Dalles Urban Renewal Looks For More Info From Rapoza

The Dalles City Council, acting in its capacity as the Columbia Gateway Urban Renewal Agency Board, directed staff to give Rapoza Development a “notice of default” in its agreement to redevelop the Granada block into a hotel and conference center, giving Rapoza 60 days to provide information in two specific areas of the project.  City Manager Nolan Young said the notice is a legal term to indicate work needs to take place to show the project’s viability, as Councilors want their representative Gary Rains to meet with representatives of Hilton Hotels about Rapoza’s branding application, and give Rains more information about their “capital stack” to fund the project.  Rapoza’s Michael Leash said he understood why the City took its action, and they would get the information to Rains.  Mayor Steve Lawrence says the action was a reminder that Rapoza has some significant requirements to meet by a September 30 deadline in the Disposition and Development Agreement.  Leash says his confidence level to get the deal done is about 100 percent.

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