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It's been a hectic week for Johnson Controls Hall of Fame Village. Considering previous stops and starts caused by some financing woes, that's a good thing. On Thursday, Oct. 17, HOF Village LLC confirmed that it is purchasing The McKinley Grand Hotel, located at 320 Market Ave. South in Canton, for $3.8 million. The Village will renovate the hotel, at a projected cost of $21.2 million, which will result in it shutting down on Nov. 1. The hotel is expected to reopen next summer, in time for the Pro Football Hall of Fame's enshrinement festivities, and will be part of a national chain. (Marriott is said to be the choice, but the Village hasn't confirmed that an agreement is in place.) The $25 million combined price tag for the hotel, which is valued at $4.5 million, and the extensive renovations will be partially offset by a 15-year, 75% property tax abatement. The hotel construction team will be led by a Cleveland-Pittsburgh combination: the Albert M. Higley Co. and the Rocky Bleier Construction Group. The latter is owned by the 73-year-old former running back, who played 11 seasons for the Steelers during their run of four Super Bowl championships in a six-season span. Three days earlier, the Village announced that ASM Global has been selected as the new management firm for Tom Benson Hall of Fame Stadium. ASM also manages the Canton Memorial Civic Center, as well such venues as NRG Stadium in Houston; Soldier Field in Chicago; US Bank Stadium in Minneapolis; Allegiant Stadium Las Vegas; TIAA Bank Field in Jacksonville, Fla.; and State Farm Stadium in Glendale, Ariz. The news release announcing the ASM agreement closed by saying that the Village had "entered into a definitive business combination agreement with Gordon Pointe Acquisition Corp." Gordon Pointe is a Pittsburgh-based special-purpose acquisition company formed by James J. Dolan. An important note, one which we screwed up earlier: The New York Knicks and the Madison Square Garden Co. are owned by James L. Dolan — not the James Dolan who is investing in Hall of Fame Village. That deal, which was initially announced in August, is expected to be completed later this year. Once it closes, the combined company will be called Hall of Fame Resort & Entertainment Co. and trade on the NASDAQ stock exchange under the ticker symbol "HOFV." When Gordon Pointe and Hall of Fame Village revealed their agreement Aug. 1, a news release said "the combined entity is expected to be owned at the closing approximately 40% by the current stockholders of GPAQ and approximately 60% by the equity holders of the Company." The deal will give the Village a much-needed cash infusion for a project that is now anticipated to cost about $900 million — a tally that is more than $400 million above estimates from 2015. The first phase cost approximately $250 million and was highlighted by a renovation of the 23,000-seat Tom Benson Hall of Fame Stadium and the addition of youth fields. Phase 2 is expected to include the addition of "two premium branded hotels, an indoor waterpark, an office complex, a convention center/fieldhouse and a retail promenade, which are collectively designed to increase attendance, repeat visitation, length of visitor stay and allow for better year-round programming," the Aug. 1 news release said. All components are expected to be "fully operational by 2022," which is a couple years behind the original timeline. The initial time frame was supposed to coincide with an NFL centennial celebration the Hall of Fame will host next September. Previously announced components, such as "a virtual-reality attraction, a luxury hotel, an arena and possibly multifamily housing and an independent and assisted living facility targeting Pro Football Hall of Famers, other former NFL players and their families," would be part of Phase 3, the August announcement said. Those appear to be far from a given, though recent developments indicate that the Village's grand plan could still happen. The whole concept seemed too good to be true, and in a lot of ways it probably was. But bringing another investment team to the table might change things. Skepticism is still warranted. Optimism is OK, too. You can follow me on Twitter for sports information and analysis, but not financing plans for a backyard waterpark that my neighbors are going to love/hate.