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Archive for Wednesday, February 6, 2008

Commission prepares for Oread Inn report

February 6, 2008

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City commissioners met briefly Tuesday to pay bills and take care of other routine matters, but spent most of their time talking about next week's meeting that will feature several items related to The Oread Inn project.

Commissioners were told that next Tuesday's meeting is expected to include a report on the feasibility of The Oread Inn project, a proposed seven-story hotel on the edge of the Kansas University campus.

Developers of the project near 12th and Indiana streets are asking for tax increment financing to help build parking and make other infrastructure improvements. The city, as required by law, has ordered a feasibility study of the project to determine whether it meets the criteria for a public subsidy.

The city also is scheduled next week to address rezoning and historic preservation matters related to the project.

Commissioners met at 5 p.m. Tuesday and had a light agenda that wouldn't conflict with the Democratic caucuses that were conducted Tuesday.

Comments

rumor_man 6 years, 10 months ago

You would think the city would be letting them start by now. Especially since it's a local developer putting money back into his hometown.

rumor_man 6 years, 10 months ago

Where's Cool and his 100 plus posts on this topic?

Jerry Stubbs 6 years, 10 months ago

The study is specifcally about the tax break they want. They don't 'have the money and/or ... a loan', and if it weren't that the area isn't zoned for a hotel they would have already started.

rumor_man 6 years, 10 months ago

I got it.... He couldn't find this story because it's not a headline story.

Godot 6 years, 10 months ago

The primary benefactor of this project (other than the Fritzels) is KU.

The Fritzels should go to KU Endowment to get the money for the project. I'm sure the endowment will weigh the prospects of return on, and return of, their money very carefully (unlike our commission).

vinividivici 6 years, 10 months ago

"You would think the city would be letting them start by now. Especially since it's a local developer putting money back into his hometown."

Exactly what benefit will Lawrence as a whole reap from this project? Not trying to be cocky, I just can't figure it out.

rumor_man 6 years, 10 months ago

vinividivici (Anonymous) says:

"You would think the city would be letting them start by now. Especially since it's a local developer putting money back into his hometown."

"Exactly what benefit will Lawrence as a whole reap from this project? Not trying to be cocky, I just can't figure it out."


Tourism Dollars A possible 4 star hotel A nicer building compared to what is being replaced

rumor_man 6 years, 10 months ago

....and convenience for big wigs going to football games and alumni functions.

Dacia McCabe Maher 6 years, 10 months ago

rumor_man (Anonymous) says: "You would think the city would be letting them start by now. Especially since it's a local developer putting money back into his hometown."

They would be on their way if this local developer wasn't asking the city for special tax subsidies. That DOES require studies and more public transparency than it has gotten so far.

If anyone has strong feelings about this project, come to public forum this SAT, FEB 9th, 10a.m.-noon at the Lawrence Public Library.

rumor_man 6 years, 10 months ago

I beg all the time too, but then my wife just rolls over.

toefungus 6 years, 10 months ago

rumor_man- I am more afraid of being rolled over on.

Eileen Jones 6 years, 10 months ago

Fritzels have taken enough from the taxpayers of Lawrence. Enough is enough.

No tax subsidy for this big monster of a hotel that will ruin a neighborhood anyway.

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