Is there hope for a breakthrough concerning Muncie's downtown Roberts Hotel? - Indiana Economic Digest

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home : most recent : residential development		July 31, 2010

8/25/2009 8:57:00 AM
Is there hope for a breakthrough concerning Muncie's downtown Roberts Hotel?

The owner of the former Roberts Hotel in downtown Muncie will be in town today to speak with Mayor Sharon McShurley and "key stakeholders." (The Star Press file photo)

Star Press

By Keith Roysdon, Star Press

kroysdon@muncie.gannett.com

MUNCIE -- Serious financial troubles for Roberts Hotel owner Peter Dvorak and the possibility that hundreds of Ivy Tech college students will next year attend classes a block away from the building could break the financial logjam that closed the hotel in 2006 and stalled a $10 million renovation project earlier this year.

Dvorak is himself hopeful, and hope is in short supply for the Bloomington businessman, who closed his company headquarters on Friday and laid off the last eight members of his staff.

• Dvorak closes Pinnacle Properties in Bloomington

• Bloomington developer caught in the credit crunch

• Bloomington developer's financial problems reflect nationwide banking crisis

• Peter Dvorak to remain in charge of Roberts Hotel project

• Got $3 million?

• Muncie downtown getting ready for Ivy Tech

• Ivy Tech 'a huge plus' for downtown Muncie

• Brothers buy Goddard building in downtown Muncie

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Editor, John C. DePrez Jr.; Executive Editor, Carol Rogers; Publishers: IBRC and IAR