WHAT'S PROPOSED?
Convention Center
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Funded through bond proceeds, repaid via fees and sales tax.
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Owned by the city but managed by the hotel.
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The only component that requires voter approval.
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The convention center is the only project on the ballot, the proposal also includes the addition of a parking garage and a hotel. These additions depend on the approval of the convention center.
Full Project
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Create a hospitality experience for both visitors and the local community.
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Address the parking demand while supporting the hotel and convention center.
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The concept calls for a hotel with a connecting convention center and parking structure accessible to all facilities.
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All components (hotel, convention center, and parking structure) will be built simultaneously.
Hotel
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The hotel will be mostly funded with publicly sold bonds, sold on the open market.
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The city has identified a need for this type of hotel through multiple surveys.
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Boutique Style Hotel.
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Managed by the hotel operator.
Parking Structures
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Funded separately using city funds with no tax increase.
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City has done surveys & studies about improvements about parking on Oak Street. While this parking garage will be available, the city is also moving forward with the one at 377 & Main. Once both parking structures are constructed, that should give ample parking to the Oak Street Area.