"The hotel and conference center would be located at the former site of The Frederick News-Post on East Patrick Street, and city officials have asked the county to contribute $2.5 million for acquisition, which would be nearly 70 percent of the estimated $3.7 million to purchase the property."
This is alleged to be a $70million project with commitments already in place from investors/Marriott.
Is the problem that the distressed property isn't worth the $3.7 asking price?
The City should concentrate and fast tracking permits like it's supposed to do.
Not line the pockets of property owners with public monies.
What did I miss?
Talks of constructing downtown Frederick hotel and conference center resume
After a pandemic-induced pause, Frederick County and city officials met Tuesday to resume discussion about plans to build a hotel and conference center in downtown Frederick.
www.fredericknewspost.com
This is alleged to be a $70million project with commitments already in place from investors/Marriott.
Is the problem that the distressed property isn't worth the $3.7 asking price?
The City should concentrate and fast tracking permits like it's supposed to do.
Not line the pockets of property owners with public monies.
What did I miss?