The Kansas City Council on Thursday gave unanimous final approval to the financing package to build an 800-room Hyatt hotel. The vote follows more than two decades of unrealized plans for a downtown convention hotel in Kansas City, and it allows developers to move ahead with a final design for the structure.
Backers, including tourism and economic development groups, hailed the vote as a victory for downtown Kansas City and its ability to attract major events. But opponents say it’s an unnecessary financial burden that won’t have a major impact for the city.
The project, which is estimated to cost $311 million, will receive about $164 million from public funding sources.
Construction could begin in the first quarter of 2016, with supporters targeting mid-2018 for the hotel’s opening.