MISSOULA — The Missoula City Council approved the sale of the Riverfront Triangle Fox Site and the subsequent development plans for a hotel on the site on Monday night.
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The 1.9-acre Riverfront Triangle Fox Site, which is located on the corner of Orange and Main streets, will be sold to Averill Hospitality.
The money from the sale and donations from the developer will be put into the City’s Affordable Housing Trust fund, which is expected to see $7 million put into it over the course of 10 years.
The sale comes years in the making, as the site has been sitting vacant for nearly 40 years.
Besides the sale of the Riverfront Triangle Fox Site, Missoula Mayor Andrea Davis presented her first outline of the City’s 2026 budget during the meeting.
“This budget reflects our commitment to financial stability, responsible investment, and responsive public service. We've made steady, meaningful progress while maintaining essential services, and we're doing it with the aim of a minimal impact to taxpayers,” Davis said.
Some key points from the initial presentation were the proposal’s aim to reduce the city's deficit, increase its cash reserves and implement efficient cost-cutting measures.
