News Formal

Council Committee approves $625 million in bonds to finance Pan Am Plaza hotel

  • 📰 wrtv
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

INDIANAPOLIS As of Monday night, the city of Indianapolis became one step closer to taking over the construction and cost of a downtown hotel project.The Metropolitan and Economic ...

The Metropolitan and Economic Development Committee within the City-County Council voted in favor of a proposal to issue up to $625 million in bonds to finance the Signia Hotel portion of the Pan Am Plaza redevelopment.

The Signia Hotel is part of the larger effort to redevelop Pan Am Plaza and expand the convention center. Revenue from the hotel will be used to pay off the bonds. This means it will not require any new taxes for residents. Visit Indy says the hotel and expansion are necessary to make sure Indianapolis can keep bringing conventions to town.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 598. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Cleveland Council likely to approve compromise on West Side Market funding after unusual legislative moveCleveland City Council is likely to approve $10 million to fund improvements at the West Side Market, following approval from council's Finance committee.
Källa: clevelanddotcom - 🏆 301. / 63 Läs mer »