Kansas City would help finance half the $33 million cost to renovate the downtown Marriott hotel complex’s guest rooms, under an agreement that gained preliminary City Council approval Wednesday.
The city council’s finance committee unanimously supported a deal that would reimburse the Kansas City Downtown Hotel Group over 30 years from a portion of the city’s convention and tourism tax, as well as from a 1-cent community improvement district sales tax. The full council considers the measure on Thursday.
The deal also calls for the hotel to provide 200 spaces in an underused garage at 11th and Wyandotte for other hotels or public use for 30 years at a cost of about $5.5 million.
Attorney Dave Frantze, who represents the hotel group, said this negotiation with the city began 18 months ago, and the discussion of a 1-cent Community Improvement District tax for the hotel was in the works long before the InterContinental Hotel on the Country Club Plaza proposed its own 1-cent CID, which has drawn some public criticism.
City Manager Troy Schulte told the committee that this particular CID and redirection of tourism taxes has a public purpose, because it will help ensure the city can host major conventions with first-class hotel rooms well into the future.
Read more: Kansas City Star