Monday, June 15, 2009

Plan for New Convention Center Hotel

The city is currently studying a plan for a 1,000-room downtown convention hotel center hotel. The project is in the planning stage, which entails hiring a consultant to oversee the plausibility of the city owned project.


City Councilmembers and The Convention & Visitors Association contend that more rooms are needed to ensure the success of the convention center. They argue that Bartle Hall is loosing prospective conventions due to lack of available hotel rooms within walking distance of the convention center.

Currently there are seven hotels that can hold 2,000 persons, two of which are more than a mile and a half from the convention center. The Downtown Marriott has roughly 600-750 rooms available, but 2000 total in the downtown area would be the optimum number to accommodate larger conventions.

A report last year showed that only half of hotel rooms available hotel rooms in the area were occupied during the first quarter.

The city isn’t yet to the development stages, but developer Ron Jury already has already a plan for the structure. Jury, who redeveloped the President Hotel is proposing a project that includes using the Power & Light Building in conjunction with new structures to create a roughly 1,000 room complex.

The city's Planning and Zoning Committee is scheduled to vote on the matter next week.

Read the Ordinance - 090444

In the news
New tower proposed west of Power & Light Building in big hotel project
Proposal to build downtown convention hotel raises questions

Sunday, June 14, 2009

43rd and Main TIF Project Comes to a Close

The City Council finalized a compromise ending the 43rd and Main TIF, Thursday. The plan will pay remaining project costs and redistribute surplus money back to the city. The remaining costs include money for
  • Streetscape and sidewalk repair
  • S.M.A.R.T Housing Program
  • Demolition of the Naughty But Nice building




















The 43rd and Main TIF project was created in 1994 and comprises the Southmoreland neighborhood. The council and TIF Commission came to the conclusion that it has served its purpose of rehabilitating the area and therefore did not need to continue.

Tax Increment Financing (TIF) is a development tool that uses future property taxes and other taxes generated by new development to pay for costs of construction of public infrastructure and other improvements. It will oftentimes divert money from school districts and other general funds to sponsor the development.

Read the Resolution - 090347

43rd and Main TIF in the News