Demolition of buildings that used to house the Yello Sub sandwich shop and the college tavern The Crossing can begin next week after city commissioners on Tuesday gave more approvals for a seven-story hotel on the site.
Commissioners unanimously approved a pair of public financing mechanisms for The Oread Inn. Commissioners approved the use of tax increment financing and a transportation development district that would allow new sales and property tax revenues generated by the hotel to be earmarked for parking and other infrastructure to serve the site.
Tuesday's meeting marked a quiet end to what at times has been a contentious project. No one from the public spoke in opposition, although previously there have been concerns about the height of the proposed hotel and the use of tax dollars to help pay for the parking garage.
Commissioners, though, have said the project will provide a needed boost to the adjacent Oread Neighborhood, and will help draw new visitors and tourism dollars to the community.
The project has been proposed by leaders with Lawrence-based Gene Fritzel Construction Co., including Thomas and Tim Fritzel, in addition to local banker Todd Sutherland.
The project will have to go back the Lawrence-Douglas County Planning Commission this month because of a design change to the hotel's parking garage. The new design will not increase the height of the building.