ROOSEVELT: Offer to purchase, preserve

It was with much dismay that I read the article about the potential development of the Roosevelt Inn. I speak as someone with over 15 years experience in restoring and renovating historic properties across the upper Midwest and western U.S.

I personally toured this property with the intent to make an offer last year. My primary plan was to refurbish the existing building, keep it as a functioning hotel/B&B, and create a restaurant on the main floor. 

Another avenue is creating residential housing, single family or multi-family. Both of these scenarios would keep the existing charm and character, and actually enhance it, with exterior and interior period restoration. I have extensive experience with these two options, and a portfolio to prove that it’s a viable model and investment strategy.

After my tour, I was in the range of asking price, but was discouraged from making a formal offer by a pending developer deal “almost complete.” And also, by the looming development of the vacant land directly behind the Inn.

I would be eager and willing to revisit this, and put together an offer to purchase and restore this wonderful building.

ERIK J. STADSTAD 

Coeur d’Alene