The city of Evansville's plan to build a $74 million convention hotel has taken what Mayor Lloyd Winnecke is calling “a critical step” forward. The redevelopment commission has approved a project development agreement with the Missouri-based builder. Winnecke expects to seek final approval on the proposal in one month.
The city will hold a series of public meetings on the hotel beginning next week.
August 8, 2013
EVANSVILLE, Ind. – Members of the Evansville Redevelopment Commission (ERC) voted today to adopt a resolution approving a project development agreement with developer HCW of Branson, MO, for the Downtown Convention Hotel Project. The vote took place at a special ERC meeting.
Evansville Mayor Lloyd Winnecke said he is very pleased with the ERC's action. He called today's vote “a critical step” that clears the way for an ordinance approving funding for the project to be presented at the Evansville City Council meeting for first reading Monday, August 12, at 5:30 p.m.
The total cost of the project is $74 Million. The City would contribute $20 million toward the hotel and $17.5 million toward ancillary components, such as Sky bridges, Parking Garage, Retail Building, infrastructure and streetscape improvements and renovations to The Centre. Mayor Winnecke said he is confident the County will be contributing to the project.
The project is projected to create 831 jobs during construction and 235 permanent onsite jobs when the hotel and retail complex opens. The public investment will not impact property taxes and instead will be paid for using a combination of revenues from the Downtown TIF, Food and Beverage Tax, Innkeepers Tax and Riverboat Gaming. HCW will not receive tax abatement.
A series of public meetings have been scheduled throughout the city at various times and days to give the community an opportunity to hear details of the Downtown Hotel Project and ask questions. Mayor Winnecke plans to seek final approval of the deal at the September 9 City Council meeting and break ground on the project by late 2013.
Hotel Public Meeting Schedule
-Tuesday, August 13th at 6:00 pm Red Bank Library, Howard Room 120 S. Red Bank Rd., 47712
-Wednesday, August 14th at 6:00 pm McCullough Library 5115 Washington Ave., 47715
-Saturday, August 17th at 1:00 pm Concordia Lutheran Church 2451 Stringtown Rd., 47711
-Monday, August 19th at 6:00 pm Dexter Elementary School, Auditorium 917 S. Dexter Ave., 47714
-Wednesday, August 21st at 10:00 am Central Library, Browning Room B 200 S.E. M.L. King Jr. Blvd., 47708
-Wednesday, August 21st at 6:00 pm North Park Library 960 Koehler Dr., 47710
Source: The City of Evansville