KANSAS CITY – Local officials are revolting against a request for up to $13 million in tax subsidies to help finance a Hyatt hotel project at the Country Club Plaza, The Kansas City Star reports.
Hyatt’s proposal included a 223-room hotel that would anchor a commercial site with office space and a restaurant. The development project was estimated at $80 million and comes with a request for millions in tax increment financing (TIF) from the city to help fund the site’s development.
But some Kansas City government officials oppose tax breaks for the project. As the Star reports:
“When does it stop with TIF?” asked Bill George, a Kansas City Convention & Visitors Association member who also was co-chairman of the steering committee established by the city three years ago to pursue a convention hotel.
“At some point you have to say no. I can’t think of a better project to say no to,” referring to the Hyatt proposal.
Other officials–including Kansas City, Mo., mayor Sly James–oppose subsidizing the project because it would potentially compete with a project for a 1,000-room convention hotel in downtown Kansas City.