Huntsville leaders review 4 bids for Holiday Inn site - WAFF-TV: News, Weather and Sports for Huntsville, AL

Huntsville leaders review 4 bids for hotel site

City leaders hope to begin construction on the former hotel's site in 2015. (Source: WAFF file) City leaders hope to begin construction on the former hotel's site in 2015. (Source: WAFF file)
HUNTSVILLE, AL (WAFF) -

Huntsville city leaders began the process of reviewing proposals concerning the future of the former Downtown Holiday Inn.

After the hotel closed its doors in December, the city asked for developers to submit proposals for what to do with the land the building currently sits on. A total of four companies submitted their bids before Tuesday's deadline.

City leaders expressed their desire for the land to become a mixed-use development, with the possibility for retail, restaurant, and another hotel using the space.

The names or specifics of the plans have not been publicly divulged at this time. The bids will be reviewed by a group comprised of three different city departments, who will then go before the city council and make their formal recommendation on which bid to accept.

"Mixed-use deals are just incredibly complex," said Dennis Madsen with the City of Huntsville. "There's a lot of moving pieces and a lot of points for negotiating. We want to make sure we do it right."

Huntsville City Council would then begin negotiating with the winning bidder and make the bid public. City leaders said they hope to begin construction in 2015.

Copyright 2014 WAFF. All rights reserved. 

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