Developer defaults on planned Mason City hotel

Mason City, Iowa (AP) – Officials say a California developer has defaulted on his agreement to begin construction of a hotel in downtown Mason City because he doesn’t have his financing in place.

San Diego developer Phillip Chodur defaulted Monday on his agreement to break ground for a Courtyard by Marriott hotel at what now is a parking lot west of City Hall.

Chodur, who owns a company called G8 Development, initially had agreed to break ground by July 31, but the City Council had given him a three-month extension.

The hotel is part of a planned $36.2 million downtown development that includes the hotel, an ice arena, parking ramp and music pavilion.

State financing for the project could fall through if the hotel plan fails.

About Chris Berg 1200 Articles
Chris was born in Webster City and raised in Charles City. As a young kid, he would always be caught singing along to songs on the radio. He says he's good at karaoke but we think otherwise. ;) In his free time, he enjoys beginning new projects at home and hardly ever finishing them. Chris lives in Charles City with his wife Vicki and a daughter Brynlee.