GOV
Board Bill Number 197 Votes In Session 2023-2024
Redevelopment Plan for the 2601 Market St. Redevelopment Area
Board Bill
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.
04/15/2024 Final Passage Vote Results
Aye
10
No
3
Final Passage Vote
| Ward | Alderman | Position |
|---|---|---|
| 1 | Anne Schweitzer | Aye |
| 2 | Tom Oldenburg | Aye |
| 5 | Joseph Vollmer | Aye |
| 7 | Alisha Sonnier | Aye |
| 8 | Cara Spencer | Aye |
| 9 | Michael Browning | Aye |
| 10 | Shameem Clark Hubbard | Aye |
| 11 | Laura Keys | Aye |
| 14 | Rasheen Aldridge | Aye |
| President | Megan E Green | Aye |
| 3 | Shane Cohn | No |
| 4 | Bret Narayan | No |
| 6 | Daniela Velazquez | No |
| 12 | Sharon Tyus | Present |
| 13 | Pamela Boyd | Present |
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