Eau Claire (WQOW) - On Tuesday the city council signed a letter of intent to partner and contribute up to $7 million to the new Sonnentag Event and Recreation Complex.
UW-Eau Claire's current plans include a 4,100 seat event center, but the city's contribution would boost the capacity by 1,000 with the goal of attracting larger acts to the community.
City officials say the Sonnentag complex and surrounding businesses could generate as much as $25 million in new property value, and the property taxes collected from that value could help pay for half of the city's contribution. The other half would come from hotel room taxes.
Chamber of Commerce President and CEO David Minor says this project is a "once in a lifetime opportunity" and believes it will encourage more economic growth along Menomonie Street.
"What we are excited about and why we're supporting this is when you look five and ten years beyond today, what's going to be on there? It's going to be more hotels, more restaurants, more development, which means more tax base for the community," said Minor.
Minor says tax dollars could help the city not only do more projects like this one, but also invest back into the community like our trails or streets.
Groundbreaking for the facility is currently set for this summer.