Marilyn Hess, president of Holi Corp, successfully advocated county commissioners Jan. 22 for a six-month extension to start construction of a $30-million hotel on Navarre Beach.
Although Holi Corp originally requested a spot on the board’s agenda to request mortgaging the future hotel in the name of TIN, Inc., a wholly-owned subsidiary of Holi Corp, Santa Rosa County Commissioners Jan. 20 also discussed issuing a notice of default since a June 23 agreement with the county required construction start by mid-January.
“I feel someone wanted to threaten us in a non-business friendly manner,” Hess said, telling commissioners they need to be pro-economic development.
“Communication goes both ways. You could have let us know,” Commission Chairman Don Salter replied. “Don’t point your finger at us.”
Read more in the Jan. 29 issue of Navarre Press or subscribe online here.