Pulaski County CDC and Winamac Town Manager Meet with Investors

Pulaski County Community Development Commission Executive Director Nathan Origer and Winamac Town Manager Jim Conner met with potential investors concerning a proposed hotel project on Wednesday.

Conner told WKVI that about 15 potential investors met and learned more about the project and discussed the need for a hotel in the area. Local business and industry leaders expressed that several representatives visit not only the Pulaski County area, but the Knox and Culver areas and it would beneficial to them to see this project become a reality.

The meeting was just an informational setting for the project. It was suggested that a group of investors get together to gather financial information and to meet in the future to discuss financial options.

An initial feasibility study showed that Winamac can support a 40-bed hotel proposed by Wisconsin-based Cobblestone Development. Developer John F. Siebert is looking to construct a 36-40 bed facility that provides budget-friendly accommodations for business travelers and visitors to the area. Several locations are being considered for the project along U.S. 35 in Winamac.