MARYSVILLE, Calif. — The city of Marysville and the owner of the Hotel Maysville have resolved their lawsuit after a June fire, according to the city.
“Settling this lawsuit and gaining title to the hotel property sets the stage for the City to apply for a federal EPA grant to fund much of the cost to fully remediate the nuisance that property has presented. Further, once the property has been cleaned up and fit for development the City will be a strong position to influence development that is in the best interests of the City,” said Mayor Chris Branscum in a news release.
The settlement resulted in the city getting the title to the hotel and $700,000.
“Our immediate plans involve re-opening the state highway as the first step in a two-step process for total remediation and future development. Details on the specifics of those plans will follow in the immediate future. Again, the first step involves enough work to restore normal traffic patterns. The composition of the full plan will depend on real time further evaluation of financial risk and costs,” said City Manager Jim Schaad.
The Marysville Hotel was damaged in a fire back in June and partially closed a portion of Highway 70, causing delays and some revenue losses for businesses, according to a Yuba County staff report. The city of Marysville proposed demolishing the top floor in order to reopen the northbound lanes Highway 70.
Earlier this week, the Yuba County Board of Supervisors approved a $250,000 grant to assist with the demolition of the hotel's top floor. According to the county, total costs could be around $700,000 to $840,000 for just the top floor.
According to the county meeting, construction will begin in December with a completion date of mid-to-late January.
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