GOV
Board Bill Number 197 In Session 2023-2024
Redevelopment Plan for the 2601 Market St. Redevelopment Area
Summary
This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 2601 Market St. Redevelopment Area. The prospective redeveloper plans on constructing two multi-story buildings with 304 hotel rooms, at the cost of $126 million. Kimpton Hotel will be in the eastern building. Staybridge Suites will be in the western building. 116 full time employees will be employed by the hotels. The redeveloper plans to use utilize private funds for this project. This Board Bill allows up to ten (10) years of tax abatement based on 75 percent of the assessed value of the incremental improvements.
Download
Latest Bill text:
- Introduced (2.48 MB PDF)
Overview
Session: 2023-2024
Introduced: 01/12/2024
Primary Sponsors: Laura Keys
Latest Activity: Delivered to Mayor
Legislative History
Legislative activities and outcomes for this board bill. Learn more about what these activities mean.
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01/12/2024
First Reading
Bill text was introduced (2.48 MB PDF).
01/12/2024Referred to a Committee
The bill was assigned to the Housing, Urban Development and Zoning Committee.
02/06/2024Committee Hearing
The bill was held in committee during the Housing, Urban Development and Zoning Committee hearing.
03/26/2024Committee Hearing
The bill failed during the Housing, Urban Development and Zoning Committee hearing.
04/02/2024Committee Hearing
The bill was held in committee during the Housing, Urban Development and Zoning Committee hearing.
04/04/2024Committee Hearing
The bill was passed out of committee with a recommendation of do pass during the Housing, Urban Development and Zoning Committee hearing.
04/05/2024Second Reading
04/05/2024Perfection
The bill was passed.
04/15/2024Engrossment
The bill was engrossed during the Engrossment, Rules, Resolutions and Credentials Committee.
04/15/2024Third Reading
The bill was passed.
04/15/2024Delivered to Mayor
Votes
04/15/2024 Vote Results
Aye Votes 10No Votes 3Final Passage VoteFeedback is anonymous.5 comments from people like you have helped us improve this page. Keep the feedback coming!
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