An early 2018 groundbreaking is being eyed on the long-awaited project to turn a the Amerock/Ziock factory into a four-star, flagship hotel.
The final closing on the $76.5 million project concluded Monday. The deal was approved April 10 with a City Council vote of 7-6. Under the agreement, Gorman & Co. will spend about $64 million from a varied capital stack on the hotel while the city will use $12.5 million from its 1 percent sales tax on hotels, bars and restaurants to build an adjoining conference center.
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