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.

View Board Bill 197 details

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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