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

1 year 11 months 6 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 - Children got the chance to learn about science through hands-on experiments at the Columbia Public Schools' Planetarium on... More >>
2 days ago Saturday, November 09 2019 Nov 9, 2019 Saturday, November 09, 2019 3:26:00 PM CST November 09, 2019 in News
COLUMBIA — Pulaski County deputies and the South Central Drug Task Force seized large amounts of heroin, methamphetamine and cash... More >>
2 days ago Saturday, November 09 2019 Nov 9, 2019 Saturday, November 09, 2019 3:05:00 PM CST November 09, 2019 in News
COLUMBIA — An inmate died after becoming unresponsive in a booking cell of the Pettis County Jail Saturday morning. ... More >>
2 days ago Saturday, November 09 2019 Nov 9, 2019 Saturday, November 09, 2019 3:01:00 PM CST November 09, 2019 in News
COLUMBIA — Callaway County deputies arrested a man after a report of shots fired Thursday on the 7000... More >>
2 days ago Saturday, November 09 2019 Nov 9, 2019 Saturday, November 09, 2019 2:55:00 PM CST November 09, 2019 in News
COLUMBIA - Fanny Winget and her son Isaac Shapiro were cleaning the house when they heard a fire alarm go... More >>
2 days ago Saturday, November 09 2019 Nov 9, 2019 Saturday, November 09, 2019 1:15:00 PM CST November 09, 2019 in News
COLUMBIA - Columbia Public Works is adding 50 new lane miles of "Third Priority" snow routes on 195 streets this... More >>
2 days ago Friday, November 08 2019 Nov 8, 2019 Friday, November 08, 2019 8:08:00 PM CST November 08, 2019 in News
COLUMBIA - MU knowingly violated the Missouri Sunshine Law by overestimating the cost of providing records to an animal... More >>
2 days ago Friday, November 08 2019 Nov 8, 2019 Friday, November 08, 2019 7:52:27 PM CST November 08, 2019 in News
JEFFERSON CITY – Some homes in Jefferson City are still suffering from the aftermath of May's EF3 tornado, but River... More >>
2 days ago Friday, November 08 2019 Nov 8, 2019 Friday, November 08, 2019 6:23:00 PM CST November 08, 2019 in News
JEFFERSON CITY - In Missouri, there is a shortage of foster care parents. The number of children in the foster... More >>
2 days ago Friday, November 08 2019 Nov 8, 2019 Friday, November 08, 2019 5:14:00 PM CST November 08, 2019 in Continuous News
BOONVILLE - The Boonville City Council approved a location on Nor-Cat Way for a proposed medical marijuana facility. MOCO,... More >>
3 days ago Friday, November 08 2019 Nov 8, 2019 Friday, November 08, 2019 2:48:00 PM CST November 08, 2019 in News
JEFFERSON CITY - Missouri State Treasurer Scott Fitzpatrick is making an effort to match veterans with their missing military medals... More >>
3 days ago Friday, November 08 2019 Nov 8, 2019 Friday, November 08, 2019 1:49:00 PM CST November 08, 2019 in News
ST. JOSEPH (AP) — St. Joseph has banned camping in most parks and public spaces after getting complaints about homeless... More >>
3 days ago Friday, November 08 2019 Nov 8, 2019 Friday, November 08, 2019 1:40:00 PM CST November 08, 2019 in News
COLUMBIA - Winter weather will be here next week, so its time to start preparing cars for the cold. ... More >>
3 days ago Friday, November 08 2019 Nov 8, 2019 Friday, November 08, 2019 1:30:00 PM CST November 08, 2019 in News
COLUMBIA - The City of Columbia Municipal Court is offering a warrant amnesty two times in the next month, Dec.... More >>
3 days ago Friday, November 08 2019 Nov 8, 2019 Friday, November 08, 2019 11:38:00 AM CST November 08, 2019 in News
TROY (AP) — The mother of a man who died after a suicide attempt at an eastern Missouri jail has... More >>
3 days ago Friday, November 08 2019 Nov 8, 2019 Friday, November 08, 2019 9:19:00 AM CST November 08, 2019 in Top Stories
COLUMBIA - Each semester, 16 University of Missouri law students and two faculty members work to help veterans get benefits,... More >>
3 days ago Friday, November 08 2019 Nov 8, 2019 Friday, November 08, 2019 3:11:00 AM CST November 08, 2019 in Top Stories
FULTON - Westminster College held an anniversary event on Wednesday to mark 30 years since the fall of the Berlin... More >>
3 days ago Thursday, November 07 2019 Nov 7, 2019 Thursday, November 07, 2019 7:26:00 PM CST November 07, 2019 in News
JEFFERSON CITY - After a long winter last year, MODOT is stockpiling extra supplies to prepare for anything that could... More >>
3 days ago Thursday, November 07 2019 Nov 7, 2019 Thursday, November 07, 2019 7:02:00 PM CST November 07, 2019 in Top Stories
Columbia, MO
Broken Clouds 22°
4pm 22°
5pm 22°
6pm 20°
7pm 20°