Our neighbors to the south have just scored a significant new deal that will see a 110 room Radisson Hotel rise up like a Phoenix where the old, run-down motel stands today at the intersection of Main Street and Hwys. 41-45 in the Falls. The eyesore will begin to be redone quickly according to reports and will include a 'name' restaurant when completed.
The development group doing the Radisson will also construct a total of 82 condominium units across the street from the hotel site apparently in three increments.
Maybe this will be the stimulus necessary to see the closed store fronts reopened, and to see the empty lots populated by farm market wagons in the Summer and Fall put to a more valuable use for the citizens of the Falls.
And, it can't help but rub off a bit on us Germantown folks. We'll have ready access to a new hotel for guests, a new restaurant that might be a nice destination and simply the general aura of success that comes from area re-development.
Tax incremental financing is great when used wisely, and the Falls seems to have come alive recently in that regard. This is the second major deal to be announced in weeks.
