Newport could support hotel, report says
copyright the Chronicle November 22, 2017
by Joseph Gresser
NEWPORT — Newport can support a 30- to 50-bed hotel, but only during the summer months. A year-round hostelry would have to be considerably smaller.
Those were the main conclusions of a report submitted to the city by the Pinnacle Advisory Group, a company with offices in Maryland and Florida.
The study was conducted at the suggestion of David White of White and Burke, a firm hired by the city to help form redevelopment plans in the wake of the Jay Peak EB-5 debacle.
One of the ideas proposed by Mr. White was construction of a hotel on the site of the former Spates Block on Main Street, or even the conversion of the Emory Hebard State Office Building, to take advantage of its lakeside site.
Mr. White said a study was needed before any planning could continue. The Newport City Renaissance Corporation commissioned Pinnacle to conduct a study to see whether the city could support a hotel, and if so, what type of hotel could succeed in Newport.
The Preservation Trust of Vermont and Northern Community Investment Corporation (NCIC) stepped up to pay for the study.
A link to the document appeared recently on the city’s Facebook page, but no mention appeared on the Newport City website. It has not been mentioned by the city council.
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