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report print email Source: Editorial: BREAKING - Principal agreement made for purchase of Lake Lawn
Interesting development....
March 27, 2011 | 03:37 PM

Great news to see the locals come through on taking ownership of Lake Lawn but have to wonder what will happen with the property in the long run? What will the assessed value be now that the new net value has been established?

The hotel and public spaces are in dire need of more than a thorough cleaning and fresh coat of paint to adequately compete in today's hotel/resort marketplace. The Lake Lawn owners of the past had grand ideas with water parks, conference space, condos, and more to bring the resort to the caliber of Grand Geneva and The Abbey. To succeed today it will need willing customers with open wallets as well access to reservation system and/or branding to help drive room rentals (Hilton, Holiday Inn, Radisson, Wyndham, etc...) and set an expectation on rooms. Also have to wonder if there is a plan to flip this property to another investor group to truly redevelop the property as the economy improves....time will tell.

Time Will Tell
Williams Bay
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LAKE GENEVA AREA REALTY