The Clinton Herald, Clinton, Iowa

Local News

February 21, 2014

New developers emerge

CLINTON — The windows at 217 Fifth Ave. South contain Jim Hobart’s vision for what the Wilson Building could become. They are sketches of 28 upscale apartments and a downtown business opportunity — a $7 million venture.

As of Monday, Hobart learned his ideas for the Wilson Building will no longer come to fruition. The Cedar Rapids-based owner of Hobart Historic Restorations was informed he is out of the running to own the structure, despite planning renovations for the last year.

“We did months and months and months of work on that building,” Hobart said. “It put a chink in our armor to find out they’re selling to someone else.”

He estimated he has already spent close to $300,000 on planning proposals and other expenses.

Todd Gillickson of Gillickson Group, co-owner of Taxl Holdings, officially holds rights to the building. In 2009, the group obtained the century-old property through a tax sale and received the deed in 2012. By that time, Hobart was part of an investment group called Frantz-Hobart, which initially put forward their plans to buy the Wilson Building.

When that relationship dissolved last November, Gillickson said purchase negotiations with Hobart fell apart.

“We were in a deal with Frantz-Hobart,” Gillickson said. “We were in discussions with Frantz-Hobart for a year and a half, and there were other developers too.

“Their dissolution was a little bit of the end part of our delay.”

Gillickson said multiple entities entered the discussion for purchase following the Frantz-Hobart split. He plans to announce a sale with another group by the end of the month. Future renovation plans from those companies were not discussed.

Before it dissolved, Frantz-Hobart had obtained a 95 percent tax increment financing rebate worth up to $1.26 million with the city of Clinton, which the council conditionally approved a year ago. The city had also agreed to cover up to six empty units for $800 per month per unit. The deal would have lasted 10 years if the property wasn’t fully rented out.

Text Only
Local News
  • Northeast 1 Work continues on STEM wing (with VIDEOS)

    GOOSE LAKE — Rising out of the school grounds, the construction of a new athletic center and science wing continues at Northeast Middle/High School in Goose Lake.School administration and the board of education toured the construction site Thursday n

    July 22, 2014 2 Photos

  • Second arbitration filing

    AFSCME union is the second this summer to file for arbitration against Clinton.

    July 21, 2014

  • Fire causes Vitale's closure

    Vitale's restaurant closed this afternoon, according to the business's Facebook page, citing a small fire for the cause of the closing.

    July 21, 2014

  • kyle.jpg Voices lifted for Habitat (with VIDEOS)

    CLINTON — Members of the community came out in droves Sunday afternoon to attend a Concert for a Cause, a first-time event benefiting Habitat of Humanity of Clinton County.More than 70 voices joined together in the Vernon Cook Theater for the CHS Alu

    July 21, 2014 5 Photos

  • GM looks to combat decreasing revenue CLINTON — The new general manager of the Clinton Wild Rose Casino and Resort hopes to utilize programs and giveaways to counteract decreasing revenue.During the Clinton County Development Association meeting last week, General Manager Travis Dvorak r

    July 21, 2014

  • Talent Show secondary art Two move on to State Fair DEWITT — Want a free bid to the Iowa State Fair? A few girls in the Clinton County Fair’s Bill Riley Talent Show figured out that one way to punch that ticket is to get on the stage.Participants age 7 to 16 did so on Sunday, showcasing their gymnasti

    July 21, 2014 2 Photos

  • Eight dead people still registered to vote

    CLINTON — The Iowa Secretary of State’s office found that 1,234 presumed dead people are still registered to vote in Iowa, including eight in Clinton County.The state uncovered the names by cross referencing with the Social Security Death Index. The

    July 21, 2014 1 Story

  • Kinser salary increase on the agenda

    CLINTON -- Seven months into the new term, the Clinton City Council has avoided closed session. Tuesday’s regular meeting, however, features two topics that likely will move into a closed meeting.First, city leaders will discuss “pending or imminent

    July 21, 2014 1 Story

  • Clinton woman suffers gunshot wound

    A woman suffered a gunshot wound today in Clinton.

    July 20, 2014

  • Academy encourages informed citizens CLINTON — The city of Clinton is encouraging citizens to pay more mind of their local government. Through the city’s inaugural Citizen’s Academy, Clinton’s leaders hope to give people a better understanding of how the city works.City clerk Pat Van Lo

    July 19, 2014


Clinton Herald photos

Browse, buy and submit pictures with our photo site.