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LinGate Hospitality Breaks Ground on Long-Awaited Paducah Riverfront Hotel

City of Paducah Kentucky Government

Developers have broken ground on the long-awaited Paducah riverfront hotel. The city contracted with LinGate Hospitality for the $18 million project in July after previous developers missed a financing deadline

LinGate is in a 30 day waiting period to receive the state’s full approval for $12 million in Industrial Building Revenue Bonds, but LinGate’s Claude Bacon says all other funding is in place.

“This 30 day industrial revenue bond is a very minor detail of the overall financing package. So there’s no question in our mind that this deal and this project is moving forward,” Bacon said.

LinGate can close on the loan when the waiting period ends at the beginning of November. Bacon says his company aims to finish construction of the 123-room Holiday Inn in January of 2017.

A proud native of Murray, Kentucky, Allison grew up roaming the forests of western Kentucky and visiting national parks across the country. She graduated in 2014 from Murray State University where she studied Environmental Sustainability, Television Production, and Spanish. She loves meeting new people, questioning everything, and dancing through the sun and the rain. She hopes to make a positive impact in this world several endeavors at a time.
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