- Associated Press - Saturday, January 14, 2017

DEADWOOD, S.D. (AP) - Developers have pulled the plug for now on a $35 million condominium-hotel project planned in the Old West gambling town of Deadwood.

In an email this week to Deadwood officials, the group behind The Chalets at Deadwood Mountain Grand informed the city that it was postponing its plan indefinitely. CEO Robert Ekman told them the overall costs weren’t going to lead to a reasonable return on investment.

Initial plans called for 103 units in 10 four-story structures on a steep hillside adjacent to the existing Deadwood Mountain Grand.

But the proposal triggered a backlash from residents who feared it would dominate the views in Deadwood’s historic district. The city’s preservation office agreed the proposal would harm the historic character of Deadwood.

Mayor Chuck Turbiville hopes the developers will keep trying.

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Information from: Rapid City Journal, http://www.rapidcityjournal.com

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