Summary
The city is partnering with 3CDC, Hamilton County, and Portman Holdings to build a full-service convention center hotel, backed by a $50 million loan, tax abatements, and real estate transfers.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed Apr 20, 2026.
Impact analysis
Includes a $50 million city loan funded by bond proceeds and project savings, alongside long-term tax exemptions.
Downtown businesses, tourism stakeholders, and local construction workers.
Local taxing jurisdictions forego property tax revenue on the improvements during the exemption period.
Mentions & discussions (2)
Budget, Finance & Governance Committee — April 20, 2026
The city approved a 30-year property tax exemption to support the downtown convention center hotel project after clearing up property titles.
Budget, Finance & Governance Committee — February 23, 2026
The city is partnering with 3CDC, Hamilton County, and Portman Holdings to build a full-service convention center hotel, backed by a $50 million loan, tax abatements, and real estate transfers.
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