Hotel Development Options

1 decade 2 years 3 months ago Tuesday, June 26 2007 Jun 26, 2007 Tuesday, June 26, 2007 9:19:31 PM CDT June 26, 2007 in News

The CVB says its previous statement was too broad. One official said that the bureau wants to make sure Columbia's bed tax, which funds tourism education, is untouched. The city of Columbia is looking for an upscale downtown hotel, but the Columbia Visitors and Convention Bureau is concerned using money from the bed tax would cause a snowball effect.

"If we abated that tax for one hotel so that money would return to financing the construction or remodeling of a hotel, then where do you draw the line?" said Lorah Steiner, CVB.

Despite that, Steiner says its dangerous to rule out not using any public funds.

"We collectively, I think, would be shooting ourselves in the foot, we being the hospitality industry, if we said no taxpayer funds, because then the next person who wants to develop and wants an energy credit or nap credit, or anything like that would have to go back and retrack that position," said Steiner.

Creating a tax development district or TDD, is another option for using public money. One the Regency Hotel does hope to use in its rebuilding process.

"It would be that the guests that stay with us would be taxed an additional half cent and that's what would help fund the project we're offering to do," said Mike Ebert, Regency Hotel owner.

So there are other options to help private hotels like the Regency refurbish. To sweeten the deal, the Regency is also offering to sell its two parking lots to the city so it can build more parking structures. The CVB is sending its recommendations to the city council this week.

More News

Grid
List
JEFFERSON CITY — Attorney General Eric Schmitt is set to host four senior safety presentations in October. The presentations,... More >>
4 hours ago Sunday, October 20 2019 Oct 20, 2019 Sunday, October 20, 2019 8:43:00 PM CDT October 20, 2019 in News
COLUMBIA - More than 600 people and 11 sponsors gathered in Cosmo Park for the annual Walk to End Alzheimer's... More >>
8 hours ago Sunday, October 20 2019 Oct 20, 2019 Sunday, October 20, 2019 4:53:00 PM CDT October 20, 2019 in News
COLUMBIA — David Cover, a co-pastor at The Crossing, addressed the controversy over last week's sermon by fellow co-paster... More >>
9 hours ago Sunday, October 20 2019 Oct 20, 2019 Sunday, October 20, 2019 4:03:00 PM CDT October 20, 2019 in News
COLUMBIA — Columbia police arrested a man on multiple charges after the shooting of a 13-year-old boy Saturday night. ... More >>
11 hours ago Sunday, October 20 2019 Oct 20, 2019 Sunday, October 20, 2019 1:15:00 PM CDT October 20, 2019 in News
JEFFERSON CITY - One person was transported to the hospital in relation to a weapons offense Sunday morning, according to... More >>
13 hours ago Sunday, October 20 2019 Oct 20, 2019 Sunday, October 20, 2019 11:27:00 AM CDT October 20, 2019 in News
ST. LOUIS (AP) — Children in St. Louis have been the victim of homicides at 10 times the national rate... More >>
1 day ago Saturday, October 19 2019 Oct 19, 2019 Saturday, October 19, 2019 9:34:54 PM CDT October 19, 2019 in News
WASHINGTON (AP) — President Donald Trump says he is reversing his plan to hold the next Group of Seven world... More >>
1 day ago Saturday, October 19 2019 Oct 19, 2019 Saturday, October 19, 2019 9:19:49 PM CDT October 19, 2019 in News
COLUMBIA - Police were seen searching the area near the scene of a crash Saturday afternoon. Police responded to... More >>
1 day ago Saturday, October 19 2019 Oct 19, 2019 Saturday, October 19, 2019 8:31:00 PM CDT October 19, 2019 in News
COLUMBIA - Community members came together Saturday for a Walk and Roll-A-Thon in recognition of Disability Employment Awareness Month. ... More >>
1 day ago Saturday, October 19 2019 Oct 19, 2019 Saturday, October 19, 2019 5:11:00 PM CDT October 19, 2019 in News
COLUMBIA - Demonstrators rallied at Speakers Circle on Saturday for the first ever National Period Day. Organizers said they... More >>
1 day ago Saturday, October 19 2019 Oct 19, 2019 Saturday, October 19, 2019 3:47:00 PM CDT October 19, 2019 in News
COLUMBIA - Community members got the chance to challenge Columbia police officers in their favorite video games during the department's... More >>
1 day ago Saturday, October 19 2019 Oct 19, 2019 Saturday, October 19, 2019 3:41:00 PM CDT October 19, 2019 in News
ST. LOUIS (AP) — Grassroots organizations are working across Missouri to persuade gun-related business owners to join efforts to limit... More >>
1 day ago Saturday, October 19 2019 Oct 19, 2019 Saturday, October 19, 2019 3:37:00 PM CDT October 19, 2019 in News
SALINE COUNTY — Three Saline County children abducted in 2017 were found in Arlington, Texas on Thursday, according to the... More >>
1 day ago Saturday, October 19 2019 Oct 19, 2019 Saturday, October 19, 2019 2:15:00 PM CDT October 19, 2019 in News
JEFFERSON CITY - One Lincoln man is dead following a crash between a motorcycle and a tractor-trailer Friday night on... More >>
1 day ago Saturday, October 19 2019 Oct 19, 2019 Saturday, October 19, 2019 1:19:00 PM CDT October 19, 2019 in News
COLUMBIA - The Columbia Water and Light department said it believes all power has been restored in Columbia. About... More >>
1 day ago Saturday, October 19 2019 Oct 19, 2019 Saturday, October 19, 2019 10:05:00 AM CDT October 19, 2019 in News
MARSHALL - The suspect in a pair of shootings in early October has been caught out of state, police announced... More >>
2 days ago Friday, October 18 2019 Oct 18, 2019 Friday, October 18, 2019 9:10:00 PM CDT October 18, 2019 in News
CALIFORNIA - A man heard his sentence on Friday after killing a 20-year-old three years ago for drunk driving. ... More >>
2 days ago Friday, October 18 2019 Oct 18, 2019 Friday, October 18, 2019 6:31:00 PM CDT October 18, 2019 in News
COLUMBIA - Below are scores from football games around mid-Missouri. Final scores are in bold. ... More >>
2 days ago Friday, October 18 2019 Oct 18, 2019 Friday, October 18, 2019 6:06:00 PM CDT October 18, 2019 in Friday Night Fever
Columbia, MO
Broken Clouds 59°
2am 58°
3am 57°
4am 57°
5am 57°