US EditionMissoula City Council approves $4 million Riverfront Triangle sale
MISSOULA COUNTY, MONTANA, JUL 22 – The project will generate about $7 million for the Affordable Housing Trust Fund and create 200 jobs, revitalizing a long-idle city-owned lot in downtown Missoula.
- On July 21, 2025, Missoula City Council approved selling the Riverfront Triangle site to Averill Hospitality for $4 million, voting unanimously.
- Amid decades of inactivity, the Riverfront Triangle site has sat idle as a parking lot, with previous attempts to develop as recently as 2019 failing, and all sale proceeds will go to the city's Affordable Housing Trust Fund.
- Averill Hospitality plans a $100 million redevelopment, featuring a 180-room hotel with possible condos, and infrastructure funded via Tax Increment Financing.
- Members of the public voiced strong support for the sale, praising its tourism and job benefits; the project is expected to create 200 new downtown jobs; and Missoula City Councilors deemed it a game-changer for the urban core.
- Averill Hospitality could break ground within two years, with public engagement planned and the city may repurchase the land if not built within five years.
Insights by Ground AI
Does this summary seem wrong?
19 Articles
19 Articles
FOX 28 Spokane+16 Reposted by 16 other sources
Missoula City Council approves sale of Riverfront Triangle Fox Site
MISSOULA, Mont. – Missoula City Council approved the sale of the Riverfront Triangle Fox site to Averill Hospitality on July 21. This long-awaited decision will transform the plot into a vibrant new hotel. Located nearby the intersection of N Orange Street and W Front Street in downtown Missoula, the land has been mostly unused for
Missoula City Council approves $4 million Riverfront Triangle sale
Council approved selling the city-owned Riverfront Triangle parcel for $4 million to Averill Hospitality, which owns Montana resort properties like the DoubleTree in Missoula and The Resort at Whitefish Lake.
·Missoula, United States
Read Full Article
Coverage Details
Total News Sources19
Leaning Left0Leaning Right3Center6Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
C 67%
R 33%
Factuality
To view factuality data please Upgrade to Premium
