Yet another major project was the Golden Hotel located on the northwest corner of 11th & Washington. The Foundation purchased the 1.75-acre site that contained two badly run down buildings. One of them had historic significance, but an evaluation indicated that it couldn’t be moved. The Foundation solicited proposals from interested parties for the development of this site. The option to buy was extended to a developer who was to put in a hotel. The project failed when the developer couldn’t obtain the necessary financing. A second time, the Foundation solicited bids and awarded the contract to Scott Coburn who built the Golden Hotel. Prior to the transfer of the title, the Foundation undertook the responsibility for the demolition of the buildings that contained asbestos and the remediation of the site that was contaminated with various organic materials left by the gas station and auto repair shop.
