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Unsealed court records reveal Hotel Northland ownership battle

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Posted at 7:25 PM, Apr 04, 2017
and last updated 2017-04-04 20:27:47-04
Court files recently unsealed as part of a civil suit between two men in a dispute over ownership of the historic Hotel Northland in downtown Green Bay, sheds some additional light on a project that's been plagued by setbacks and misinformation.
 
In a press release Tuesday, Green Bay Mayor James Schmitt said he was disappointed the court documents "mischaracterized the nature of the role City staff and (the mayor) played in facilitating the settlement negotiations between two parties."
 
About a month ago, on March 7, the council voted to delay consideration of an audit on the project, which has suffered several setbacks, including the loss of a $12.8 million loan from their senior lender.
 
It has been suggested the council hire an auditor to investigate the financing of the project, but the council opted for a 45-day delay with the understanding that project developers had hired a third-party auditor. 
 
An update on the Hotel Northland project's status and request to reconsider the 45-day delay are on the agenda for the council's next meeting at 7 p.m. Wednesday.