Company Moves to Donate Hotel Marysville to the City of Marysville
June 21 2024 - 2:48PM
Business Wire
On Saturday evening June 15th, 2024, a fire broke in the
Historic Hotel Marysville. Urban Smart Growth, the company that
owns the building, praises the City of Marysville for its immediate
action and collaboration with the company and its
professionals.
Within 48 hours of the start of the fire, ownership engaged with
an engineer to assess the stability and safety of the building,
hired a security firm to keep the public at a safe distance, and
engaged with a remediation company to fence off and prepare to
clean the site.
Due to the further study recommended by ownership’s engineer and
in light of the speed at which the municipality can remediate the
burden on the community, the company that owns the Hotel Marysville
has offered to donate the entire property to the City of Marysville
so that they can quickly remediate the hazard and inconvenience and
at the same time take control of an important piece of real estate
in the City to make use for the public benefit or as the City
otherwise deems best.
“We were devastated to hear about the fire loss and happy to
find out no one was injured,” stated Dan Katz, the ownership’s
counsel. “We have laid out a path forward with the City that we
think will be the quickest and most efficient way to get the
highway open, protect neighboring properties, and move to the next
phase of developing this historic corner of Marysville. We believe
the City of Marysville is in the best position to take over the
property and get the highway and neighboring businesses back
open."
The company that owns Hotel Marysville would like to thank the
City of Marysville staff for the dedication and attention they have
given to begin recovering from this tragedy. Ownership would like
to specifically thank Marysville City Manager Jim Schaad,
Marysville and Linda Fire Chief Kyle Heggstrom, Marysville Police
Chief Christian Sachs, and all of the firefighters and first
responders who responded to the fire.
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version on businesswire.com: https://www.businesswire.com/news/home/20240621872799/en/
Please contact Dan Katz (dkatz@djkcounsel.com) for
questions.