Convention center agreement approved - Cincinnati News, Weather, Sports from FOX19 NOW-WXIX

BREAKNING NEWS

Convention center agreement approved

TYLER, TX (KLTV) -

The Tyler City Council is closer to bringing a new conference center hotel to Tyler. 

Back in June, KLTV told you about the proposed project that developers said would attract thousands of conferences a year, money Tyler has missed out on in the past. 

City officials said for the last 25 years, the have brainstormed the possibility of bringing a conference center hotel to the city.

Tom Mullins is the president of the Tyler Area Chamber of Commerce. Mullins said the project could have been bringing major dollars.

"Over 20 years? I'm sure we've lost millions of dollars of potential tourism income, convention center income we could have had, had we had the facility in place," explained Tom Mullins. 

Which is why Mayor Barbara Bass and other city officials are excited about moving forward with Garfield Traub Development, L.L.C. , a company hired as independent consults to assist the city with upcoming the project phases. 

"It is because of their years of experience and their depth of knowledge that they were considered and were the ones who ended up being selected for this project," Mayor Bass explained. 

Garfield Traub Development, L.L.C. will assist the city with further pre-development activities and potential document negotiation, design, financing, construction, and operation of a conference center/hotel in partnership with a third party. 

The numbers for the facility are far from concrete, but Mayor Bass said the hotel could cost around 40 to 50 million dollars while the conference center is estimated at 15 to 25 million dollars. 

"It will be approximately one third funded by the city because we will only pay for the convention center and two thirds funded by the hotel group," said Mayor Bass. 

The proposed conference center hotel is anticipated to generate $600,000 per year in new hotel occupancy tax income of the city, in addition to new sales tax revenue, property taxes and operating income. 

"By having a conference center/hotel we can bid on for larger conferences, larger groups to come into Tyler stay sometimes a week at a time, that will have a big economic impact on Tyler's bottom line," Mullins said. 

Mayor Bass said if everything goes smoothly, construction could begin around September of 2014. 

Copyright 2013 KLTV. All rights reserved.

  • FOX19 HeadlinesMore>>

  • For the first time, Facebook spells out what it forbids

    For the first time, Facebook spells out what it forbids

    Tuesday, April 24 2018 5:46 AM EDT2018-04-24 09:46:09 GMT
    Tuesday, April 24 2018 2:00 PM EDT2018-04-24 18:00:52 GMT
    (AP Photo/Richard Drew, File). FILE - In this March 29, 2018, file photo, the logo for Facebook appears on screens at the Nasdaq MarketSite in New York's Times Square. For the first time, Facebook is making public, on Tuesday, April 24, its detailed gu...(AP Photo/Richard Drew, File). FILE - In this March 29, 2018, file photo, the logo for Facebook appears on screens at the Nasdaq MarketSite in New York's Times Square. For the first time, Facebook is making public, on Tuesday, April 24, its detailed gu...

    For the first time, Facebook spells out how it decides whether to delete your posts.

    Full Story >

    For the first time, Facebook spells out how it decides whether to delete your posts.

    Full Story >
  • The Latest: Trump says VA nominee to make decision soon

    The Latest: Trump says VA nominee to make decision soon

    Tuesday, April 24 2018 9:46 AM EDT2018-04-24 13:46:17 GMT
    Tuesday, April 24 2018 1:59 PM EDT2018-04-24 17:59:35 GMT
    (AP Photo/Alex Brandon). In this April 16, 2018, photo, U.S. Navy Rear Adm. Ronny Jackson, M.D., sits with Sen. Johnny Isakson, R-Ga., chairman of the Veteran's Affairs Committee, before their meeting on Capitol Hilin Washington. Jackson is President D...(AP Photo/Alex Brandon). In this April 16, 2018, photo, U.S. Navy Rear Adm. Ronny Jackson, M.D., sits with Sen. Johnny Isakson, R-Ga., chairman of the Veteran's Affairs Committee, before their meeting on Capitol Hilin Washington. Jackson is President D...

    The White House is standing behind Ronny Jackson, President Donald Trump's choice to be Veterans Affairs secretary amid growing questions about his qualifications.

    Full Story >

    The White House is standing behind Ronny Jackson, President Donald Trump's choice to be Veterans Affairs secretary amid growing questions about his qualifications.

    Full Story >
  • Toronto driver charged with 10 counts of 1st degree murder

    Toronto driver charged with 10 counts of 1st degree murder

    Tuesday, April 24 2018 12:25 AM EDT2018-04-24 04:25:49 GMT
    Tuesday, April 24 2018 1:57 PM EDT2018-04-24 17:57:54 GMT
    (Aaron Vincent Elkaim/The Canadian Press via AP). Officials carry a body into a vehicle after a van mounted a sidewalk crashing into pedestrians in Toronto on Monday, April 23, 2018. The rented van jumped onto the crowded sidewalk Monday, killing and i...(Aaron Vincent Elkaim/The Canadian Press via AP). Officials carry a body into a vehicle after a van mounted a sidewalk crashing into pedestrians in Toronto on Monday, April 23, 2018. The rented van jumped onto the crowded sidewalk Monday, killing and i...

    Police in Canada's biggest city are piecing together witness accounts and surveillance video trying to determine why a driver plowed a rented van along a crowded sidewalk, killing 10 people and injuring 15 in what...

    Full Story >

    Police in Canada's biggest city are piecing together witness accounts and surveillance video trying to determine why a driver plowed a rented van along a crowded sidewalk, killing 10 people and injuring 15 in what many said seemed a deliberate attack.

    Full Story >
Powered by Frankly