- Associated Press - Monday, October 31, 2016

MASON CITY, Iowa (AP) - Officials say a California developer has defaulted on his agreement to begin construction of a hotel in downtown Mason City because he doesn’t have his financing in place.

The Mason City Globe Gazette reports (https://bit.ly/2fadFAz ) San Diego developer Phillip Chodur defaulted Monday on his agreement to break ground for a Courtyard by Marriott hotel at what now is a parking lot west of City Hall.

Chodur, who owns a company called G8 Development, initially had agreed to break ground by July 31, but the City Council had given him a three-month extension.

The hotel is part of a planned $36.2 million downtown development that includes the hotel, an ice arena, parking ramp and music pavilion.

State financing for the project could fall through if the hotel plan fails.

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Information from: Globe Gazette, https://www.globegazette.com/

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