Sioux City officials are hoping a foreclosure sale this summer of the Sioux City Hotel and Convention Center will net a buyer willing to make major renovations to the troubled downtown property.
The 10-story hotel is set to be auctioned at a Woodbury County Sheriff's sale on July 15.
Proceeds from the sale will help satisfy a more than $5.2 million judgment a court awarded May 2 to the Illinois bank that foreclosed on the property.
The judgment for First Bank and Trust Company of Illinois is against two of the hotel's former owners, Choa Hope LLC and Tower Sioux City LLC.
Most Popular Today
- 1.Retail & Restaurants
Valentino's Restaurant For Sale
- 2.Retail & Restaurants
Long John Silver's Closes, Building For Sale
- 3.Gas & Energy
SD Gas Prices Jump While Nation Approaches Four-Year Low
US Agency Warns Car Owners To Get Air Bags Fixed
3 Regional Airlines Want To Serve Pierre
- 6.Tourism, Outdoors
Northeast Hunting Successful So Far
Understanding Apple Pay
- 8.Meetings & Events
Sioux Falls Area Chamber Meeting Grows
Tuesday Afternoon Business Brief
Monday Evening Business Brief