City council approves Broadway Hotel TIF, ignores commission vote against it

2 months 2 weeks 2 days ago Monday, December 04 2017 Dec 4, 2017 Monday, December 04, 2017 11:40:00 PM CST December 04, 2017 in News
By: Danielle Katz & Craig White, KOMU 8 Reporters
loading

COLUMBIA - The Broadway Hotel's proposal for a $2 million tax break to fund a second tower passed with the super majority it needed at Monday's Columbia City Council meeting.

The hotel's owner, David Parmley, submitted a TIF, or tax increment financing, proposal to the city in April to fund the construction of a second tower next to the first. Parmley expects the project to cost more than $20 million.

The TIF will temporarily freeze property taxes and divert them back into the project's development. The freeze will last for 23 years, so property taxes for the hotel should not increase for this time with any inflation that may occur.

The city's TIF Commission voted 8-3 against a recommendation to pass the TIF in October. Columbia Public Schools will be one of the various taxing bodies affected by the TIF if it passes. Two members of the commission, Helen Wade and Christine King, are also members of Columbia Public Schools' Board of Education, and they both voted against the recommendation.

Parmley said the distribution of taxes through the proposal should not be an issue.

"Not a single dime of existing taxpayer money is ever touched, and the only money ever paid back over a period of 23 years, as a stream of payments, is money that I'm actually creating and generating," Parmley said. "I pay the money to the county taxes and a portion of that comes back to me each year."

The proposed site, which Parmley currently rents, had to be considered a conservation area under TIF criteria. Meaning, the site did not have to be blighted, but it had to be considered a hazard to public health and safety morals and at risk of becoming blighted. Parmley's attorney, Robert Hollis, told the council and the TIF Commission that steep slopes of the property's current layout are dangerous to drivers and pedestrians on Walnut Street, among other health issues with the lot.

"It is vacant and unoccupied, and it has become a very popular spot for dog excrement," Hollis said. "There's also a great deal of loitering because it is an unoccupied space. People are there at odd hours playing music loudly. There are used prophylactics found on a regular basis and empty alcohol containers are found on the site as well."

King said the litter does not make the property blighted since someone can pick it up.

The council approved the proposal 5-2. Third ward council member Karl Skala said at the meeting he initially intended to vote against the proposal, but he ended up being the final vote to approve it.

The second tower will be built at 1104 E. Walnut. Parmley does not own the property but plans to purchase it by January 2018. Plans for the second tower include seven stories of 80 rooms total, as well as tripling the current meeting space and adding a 6,000 square foot rooftop ballroom. The council granted a TIF to Parmley for development of the first Broadway Hotel tower in 2014. 

More News

Grid
List
COLUMBIA - Columbia's city council approved a resolution Monday night in support of a citywide community-oriented policing program. This... More >>
2 hours ago Monday, February 19 2018 Feb 19, 2018 Monday, February 19, 2018 11:43:00 PM CST February 19, 2018 in Continuous News
JEFFERSON CITY – Missouri students may have access to programs for gifted children if a bill passes. A hearing was... More >>
4 hours ago Monday, February 19 2018 Feb 19, 2018 Monday, February 19, 2018 9:47:00 PM CST February 19, 2018 in News
COLUMBIA - Columbia's waste management department presented its plans for an expansion to the city's privately owned landfill Monday evening... More >>
6 hours ago Monday, February 19 2018 Feb 19, 2018 Monday, February 19, 2018 7:35:00 PM CST February 19, 2018 in News
JEFFERSON CITY (AP) — The Missouri House has passed a bill to ban marriages of children under 15 years... More >>
6 hours ago Monday, February 19 2018 Feb 19, 2018 Monday, February 19, 2018 6:54:30 PM CST February 19, 2018 in News
JEFFERSON CITY - Legislators across Missouri are taking action to combat drug addiction and related illnesses this session, despite the... More >>
8 hours ago Monday, February 19 2018 Feb 19, 2018 Monday, February 19, 2018 5:10:00 PM CST February 19, 2018 in Continuous News
JEFFERSON CITY – A House committee approved a bill to allow people with prior convictions to work in places that... More >>
10 hours ago Monday, February 19 2018 Feb 19, 2018 Monday, February 19, 2018 3:16:00 PM CST February 19, 2018 in News
COLUMBIA - The Columbia City Council is expected to adopt a resolution declaring its support for community-oriented policing at its... More >>
12 hours ago Monday, February 19 2018 Feb 19, 2018 Monday, February 19, 2018 1:38:00 PM CST February 19, 2018 in News
REPUBLIC (AP) — Police have arrested a 13-year-old Missouri boy accused of threatening to shoot up a school with... More >>
13 hours ago Monday, February 19 2018 Feb 19, 2018 Monday, February 19, 2018 12:42:00 PM CST February 19, 2018 in News
POPLAR BLUFF (AP) — A man has been acquitted in the fatal shooting of his former brother-in-law on the... More >>
14 hours ago Monday, February 19 2018 Feb 19, 2018 Monday, February 19, 2018 11:34:18 AM CST February 19, 2018 in News
KANSAS CITY (AP) — A lawsuit filed last week alleges a Kansas City school allowed a violent felon to... More >>
16 hours ago Monday, February 19 2018 Feb 19, 2018 Monday, February 19, 2018 9:22:00 AM CST February 19, 2018 in News
LEAWOOD, Kan. (AP) — Authorities say two children have died and three other people are critically injured in... More >>
18 hours ago Monday, February 19 2018 Feb 19, 2018 Monday, February 19, 2018 7:28:00 AM CST February 19, 2018 in News
BOONE COUNTY - February is national wedding month. According to the National Association of Bridal Consultants , most couples begin... More >>
18 hours ago Monday, February 19 2018 Feb 19, 2018 Monday, February 19, 2018 7:14:00 AM CST February 19, 2018 in News
COLUMBIA - A $2.7 million project to the Columbia sewage system will be introduced to city council Monday night. ... More >>
18 hours ago Monday, February 19 2018 Feb 19, 2018 Monday, February 19, 2018 7:08:00 AM CST February 19, 2018 in News
ODESSA (AP) — An 80-year-old Missouri man who was convicted of abusing two young girls faces a possible... More >>
19 hours ago Monday, February 19 2018 Feb 19, 2018 Monday, February 19, 2018 6:47:00 AM CST February 19, 2018 in News
COLUMBIA - Are you confused by the concept of crypto-currencies? Does Bitcoin baffle you? KOMU's Angie Bailey tries to answer... More >>
19 hours ago Monday, February 19 2018 Feb 19, 2018 Monday, February 19, 2018 6:26:00 AM CST February 19, 2018 in News
BOONE COUNTY - A 10-acre fire threatened several homes just outside of Columbia Sunday. The fire was near the... More >>
1 day ago Sunday, February 18 2018 Feb 18, 2018 Sunday, February 18, 2018 9:04:00 PM CST February 18, 2018 in News
ROCHEPORT - With all 163 seats in the Missouri House of Representatives up for election this November, campaigns are getting... More >>
1 day ago Sunday, February 18 2018 Feb 18, 2018 Sunday, February 18, 2018 7:57:00 PM CST February 18, 2018 in News
LICKING - The Texas County Sheriff's Office canceled an Endangered Silver Advisory for an 85-year-old woman reported missing... More >>
1 day ago Sunday, February 18 2018 Feb 18, 2018 Sunday, February 18, 2018 7:30:00 PM CST February 18, 2018 in News
Columbia, MO
Broken Clouds 62°
2am 63°
3am 63°
4am 62°
5am 62°

Select a station to view its upcoming schedule:

Coming Up Next

12:00a
2018 Olympic Winter Games
3:30a
Inside Edition
4:00a
Paid Program
1:30a
Page Six TV
2:00a
Dr. Phil
3:00a
The Dr. Oz Show

Tonight's Schedule

7:00p
2018 Olympic Winter Games
7:00p
The Flash
8:00p
Black Lightning
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld