The historic Hotel St. Cloud is expected to be put up for auction to the public after efforts to raise funds for its restoration have been slow going. The hotel at 631 Main St., and the entire downtown district, are listed on the National Historic Register.
“It is no secret that the FOY has had its challenges in generating community and public financial support for its efforts,” a letter Wednesday from the FOY to the city council states. “The foundation has had many Cañon City fundraising events and cumulatively has not raised enough matching funds for one grant.”
The board of directors for the nonprofit Future of Yesterday Foundation announced in September 2014 its intent to raise $3 million to fully restore the hotel back to its 1890 grandeur. At the time, it was expected to be a three- to five-year project. During a tour in July 2017 with city officials, the board said that timeline more likely would be eight years.