Comment on Falls selling Radisson for $8.5 million; financing district to cover shortfall

Falls selling Radisson for $8.5 million; financing district to cover shortfall

The village-financed Menomonee Falls Radisson Hotel is being sold for $8.5 million, leaving the community about $8.4 million short of its debt on that development. That remaining amount will be covered by property taxes generated by the hotel and other new nearby commercial developments. The 135-room hotel on Main St., west of Highway 45, is being sold to Izabella HMC-MF LLC, an Illinois group owned by investors from Belarus.

 

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