An agreement has been reached in a water usage dispute at the former McCurdy Hotel.
In a release, the city of Evansville said BVLF McCurdy LLC has agreed to pay $750,000 to the water and sewer utility.
McCurdy also agreed to invest $250,000 in capital improvements.
The city said the settlement resolves claims against the McCurdy’s previous owner, the Kunkel Group.
Kunkel renovated the historic riverfront hotel and turned it into apartments and business space.
Kunkel claimed water going into city sewers from the McCurdy's new geothermal system didn’t require treatment so he didn’t owe the city for sewer service.
But city officials said there’s no way to determine what kind of water goes into the sewers.
In the release, Mayor Lloyd Winnecke said he was pleased with the agreement and the commitment to preserve one of the city's prominent historic structures.
The McCurdy dates back to 1917.