$20M Real estate, economic development project announced in downtown Cape Girardeau

$20M Marquette Tech Dist. project coming to Cape Girardeau
Marquette Tower (source: KFVS)
Marquette Tower (source: KFVS)
H & H Building (source: KFVS)
H & H Building (source: KFVS)

CAPE GIRARDEAU, MO (KFVS) - Downtown Cape Girardeau will once again be home to luxury hotel as a local group of investors announces plans to bring a Courtyard by Marriott Hotel to Broadway.

The Marquette Tech District project, announced at a 10 a.m. news conference on Tuesday, it will bring the development to the H & H building and the Marquette Center directly behind it.

Local Developers Jim and Jeff Maurer, and Mark and Scott Rhodes revealed Tuesday morning the historic Marquette Tower will become home to a new tech district, anchored by an expansion of Codefi.

Part of the plan includes bringing high speed internet to a mapped out portion of downtown that can be used by businesses and the general public.

According to co-founder Dr. James Stapleton, Codefi will keep its current location in the old federal courthouse building and expand into the top 2-3 floors of the tower.

The Marquette Tower lobby, meantime, will be renovated back to its original beauty. It will become home to an entertainment/gathering place featuring a coffee bar and live entertainment.

Developers call the Marquette Tech District a more than $20 million investment that will change the face and the future of downtown Cape Girardeau.

Southern Bank is providing financing for  huge real estate and economic development project.

Look for more information soon, beginning with Heartland News at noon.

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