The City of Park Falls is receiving a $250,000 state grant to help finance the renovation and expansion of an existing lodging facility into a rebranded hotel.
The Community Development Investment Grant from the Wisconsin Economic Development Corporation (WEDC) will support the remodeling of a historic facility into a 50-room Cobblestone Hotel & Suites.
A study commissioned by the Park Falls Area Community Development Corporation (PFACDC) determined that the entire northern part of Wisconsin has a severe deficit of quality lodging options. Since tourism represents a significant portion of the Park Falls economy, city officials believe this project has significant potential to build the capacity of the Park Falls area in tourism, business, climate, job creation and the general reputation of the area.
The $3.6 million project is projected to create 14 jobs and is expected to be completed at the end of the year.