City of Elkader Receives Contribution for Hotel Feasibility Study
Elkader, IA (September 14, 2026) — ITC Midwest has contributed $2,500 through a Power of Connection grant to support the City of Elkader’s evaluation of the feasibility of developing a new hospitality lodging project. The study will help community leaders understand market demand, financial viability and development options for a potential hotel or short-term lodging facility in Elkader.
The City of Elkader will enter into a 12‑month contract with Hart Family Hotels to conduct a comprehensive feasibility analysis. The work will include preliminary financial projections, rough construction budgets, site selection review and evaluation of lodging models including branded versus independent concepts and traditional hotel versus short-term rental options. The study will also assess potential TIF and development incentives in coordination with the city.
“This grant will help Elkader take an important step toward planning for its future,” said ITC Midwest President Dusky Terry. “By supporting this feasibility study, we are helping the community thoughtfully evaluate opportunities to strengthen local tourism, support economic growth and attract new investment.”
For Elkader, this represents a renewed and more structured approach to a conversation that has been ongoing for more than 15 years and positions the community to make informed decisions about lodging needs and long-term economic vitality.
“As we explore the feasibility of a hotel project in Elkader, transparency and responsible planning are essential,” said Maggie Sommers, Main Street Elkader Director. “This grant from ITC Midwest allows us to gather the data and insights needed to determine what type of lodging model best serves residents, visitors and the future of our community.”
The Power of Connection grant will help offset the cost of this important work and support Elkader’s broader efforts to strengthen local amenities, enhance tourism and expand economic development opportunities.
