The City of Mason City today terminated its relationship with MCCH, LLC and SBMC, LLC and will seek a new developer for a downtown hotel. The city will also take ownership of Southbridge Mall effective immediately.
This is being done after the current hotel developer and mail owner failed to make agreed upon financial commitments by a May 11th deadline.
City officials say this transition allows for a clean ending of the city’s relationship with the developer, David Rachie, and protects mail businesses from possible business interruptions.
Mason City already owns and operates the Mason City Parks and Recreation Department Offices and Mason City Arena portions of Southbridge Mall in the former J-C Penney’s space.
A Hyatt Place Hotel had been planned to connect to Music Man Square via a skywalk in downtown Mason City.
