Insight on Business

June 2012

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FACE TIME Over the next 20 years, in terms of present values, to do this, we needed to do it soon, because it was much more affordable when interest rates were very low. Because what we were doing was taking revenue from a room tax, primarily, and going to the bond market. So we presented that report the first week in December 2010, and nothing happened for a while, and my concern was that it was going to get stuck in the political area. And of course I was retired – I didn't have any obligations to do much, so I talked to a few people, John Pfefferle especially, and we decided to set up a not-for-profit. The coalition report confirmed that all we needed was an exhibition building that would turn the (Radisson Paper Valley) hotel into a convention center hotel. There are 18 communities that We said that if we ever were going have to take action with respect to a room tax increase. We had talked to bond underwriters as to how much money we could get toward building. Right now we're at the stage of matching up essentially the cost with our capacity to actually fund it. We (had) an open public meeting (the exhibition center) will generate $100 million of economic value that otherwise would not be here — $8.4 million a year. on the 17th of May at the Performing Arts Center to let the architects describe the plan and hopefully generate enthusiasm for passing a room tax so we can get it started. We're also working on final details with the owners of the hotel in terms of how a lease would be structured. Secondly, the negotiations are really wrapping up with the county. The county agreed to release the site to us subject to terms of how much we' have to pay, and those negotiations d Let the Name Calling Begin! Call Me "Drama Queen" I've been called a "Drama Queen" all my life. I've always loved to pick out colors and decorate, so I guess "Drama Queen" is fitting. Whether it's a dramatic entrance, I've been called a "Drama Queen" all my life. I've alw ed to pick out colors and decorate, so I guess "Drama Queen" is fitting. Whether it's a dramatic entrance, or a more calming palette, I enjoy working with Keller cli- or a more calming palette, I enjoy working with Keller clients ents to share my expertise and love of atmospheric design. I am a face of Keller, and to make your next building project worry-free, leave the drama to me. I will do my best to get your project completed on time and within your budget. I am an Employee Owner, Project Manager, and Design/Build project wor y-free, leave the drama to me. I will do experience for yourself the difference that is Keller, Inc. y best to to share my expertise and love of atmospheric design. I am a face of Keller, and to make your next building et your project completed on time and within your budget. I am an Employee Owner, Project Manager, and Design/Build Expert. But don't just take me at face value, call today and But don't just take me at face value, call today and experience for yourself the difference that is Keller, Inc. are being conducted by the city on our behalf. So the county will sell the property to the city, the city will take care of the infrastructure around it, and then give the property to the Fox Cities Exhibition Center, Inc. That's the nonprofit that's going to own it, but it's going to be leased entirely to the hotel, for a dollar plus taxes. Over the next 20 years, in terms of present values, (the exhibition center) will generate $100 million of economic value that otherwise would not be here – $8.4 million a year. It will allow us to take this next step forward in terms of a convention center capacity that we don't really have now. And it'll not only be a boost to downtown Appleton, it'll be a boost to a lot of other hotels. It's really an economic development project. Construction Excellence Since 1960 1.800.236.2534 l www.kellerbuilds.com Offices in the Fox Cities, Madison, Milwaukee & Wausau 16 | INSIGHT • June 2012 See Char's work at the following local businesses: Hoff Law, Capital Credit Union in Little Chute, Van Zeeland Manufacturing, Timbercrest Dental Center, R Spa, R.R. Donnelly in Menasha, Baye Dentistry, McNeilus Steel, Winnebago Oral Surgery Center, Kidzland II, and Veronica Tovar D.D.S. to name a few. A FACE of Keller www. insightonbusiness.com Char, AKA "Drama Queen" Interior Designer Co-Owner

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