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Archive for Tuesday, November 6, 2007

Oread Inn taken off tonight’s City Commission agenda

November 6, 2007

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The Lawrence City Commission will not consider special tax financing options for The Oread Inn at their weekly meeting tonight, as originally planned. The item has been deferred from the commission agenda to the Nov. 13 meeting.

Developers of the seven-story hotel proposed for 12th and Indiana streets near the Kansas University campus have asked city leaders to use tax increment financing and a transportation development district to fund infrastructure improvements associated with the project. The improvements include upgrades to 12th Street and Oread Avenue and a new parking garage to serve the hotel. A new report shows that approximately $10 million of the total $30 million project would be financed through the special mechanisms.

City officials deferred the item after hearing some public concerns it was too early in the process to approve or consider such funding - the commission has not yet approved the plans for the hotel.

Comments

just_another_bozo_on_this_bus 7 years, 1 month ago

So was this pulled because the Dechiphra debacle makes it a bad time to ask for $10 million worth of corporate welfare?

fetch 7 years, 1 month ago

Darn, guess I will get to watch a movie instead of commission-cam.

fetch 7 years, 1 month ago

And like delaying it a week makes a difference. They are still considering a financing mechanism way too early.....before the project is approved....
. . . Tax Increment Financing is a slippery slope. Much more so than tax abatements in my opinion.

Richard Heckler 7 years, 1 month ago

There is plenty more on the commission agenda that involves creative financing and your tax dollars not to mention a developers "fast track process" that eliminates taxpayer/citiizen input hidden in THIS city commissions definition of SmartCode (RED FLAG). This is not a SmartCode city commission but rather a slick way to divert any possible challenge and opens more doors for the chamber thinkers of the real estate/development community aka expensive sprawl that will be indentified as New Urbanism. No the majority of this commission are not true SmartCode or New Urbanism thinkers so beware.

KU_Dude 7 years, 1 month ago

....anxiously awaiting the onslaught of Cool's posts....

bearded_gnome 7 years, 1 month ago

well, if merrill is against it, it must must actually be good for lawrence given his track record.


this is quite a deal. guess all the staples weren't flat on it.

bearded_gnome 7 years, 1 month ago

and I repeat my first statement on the despicable subhuman called "merrill" who praises those who blow up our brave troops. he also is on the traffic safety commission but actually is opposed to driving generally. Merrill should never be taken seriously by anyone.

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