As reported early this month by the Tampa Bay Times, the City of New Port Richey confirmed that a development deal reached on the Hacienda Hotel has fallen through. The prospective developers, Yaakov and “Avi” Rosner, a father-and-son team of investors from Israel, cited the City’s lack of flexibility over access and ownership of the […]
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City Councilors could not hide their joy Tuesday night after agreeing to approval the intial stages of a deal that would allow the proposed developer, a Mr. Yaakov Rosner and Mr. “Avi” Rosner, to lease the Hacienda property from the city in order to run a 30-room boutique hotel. The project is estimated to involve […]
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Anyone who has experience with the 2008 housing crisis will know the pain that New Port Richey officials may soon face as they move toward approval of a deal to sell the Hacienda for $2 million (or less) after having purchased it for $2.21 million in 2004. The proposal is on the agenda for New […]
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The Hacienda was originally built in 1922, according to a presentation made by Mario Iezzoni at Tuesday night’s city council workshop on rehabilitating the Hacienda. It has not contributed to the tax base in 15 years, he said, and ad valorem taxes of $1,071,000 would mean the city should be receiving about $10,000 in property […]
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