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Tuesday, August 12, 2008

Sweetwater in trouble.... again

Yes, you have heard this before. John Q. Hammons has once again pulled out of the Sweetwater project in southern Limestone County. He told The Huntsville Times earlier this year that he had pulled out of the project, citing problems with getting incentives. Hammons was hospitalized in Springfield, MO, earlier this month, creating doubt of his company's continued involvement with the $1.3 billion project. Sweetwater's developers claim that they are in talks with three other hotel developers. Also, the proposed 250-room hotel and conference center has been scaled down to 150 rooms.

Note: Bass Pro Shops will not build a store until a hotel deal has been finalized, which means that its already-delayed groundbreaking of October will probably be moved back again. At least most of the political hurdles have been cleared-- the Decatur City Council approved the project late last month.

Huntsville Times article

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