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Agency Approves more than $1 Mil. for Improvements, Management of Seaway

Updated: 03/27/2014 10:55 PM
Created: 03/27/2014 10:50 PM WDIO.com

Previous coverage: Duluth Council OKs $230K Loan for Seaway Hotel Purchase

The City of Duluth got some good news Thursday about their efforts to buy the Seaway Hotel.

The Minnesota Housing Finance Agency has authorized $1.1 million for capital improvements and a nearly $500,000 subsidy for the management company that would operate it when the Duluth Economic Development Authority closes on the sale of the building. 

Officials worried the whole deal might fall through if the subsidy was not approved.

City Council President Linda Krug says the city expects to complete the deal and buy the Seaway by the end of April.

The city hopes the project will kickstart a revitalization of the entire Lincoln Park business district. 

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