Embassy Suites Downtown

[MSUBear42]

So pretty much the whole city is turned against hammons now?? Poor, poor guy.

AWESOME read, the letter from BC Development saying how they feel:

http://www.news-leader.com/assets/pdf/DO87683104.PDF

[Pyaxi]

So pretty much the whole city is turned against hammons now?? Poor, poor guy.

AWESOME read, the letter from BC Development saying how they feel:

http://www.news-leader.com/assets/pdf/DO87683104.PDF

[MSUBear42]

Anyone else see the poll on the news-leader website?

"Do you believe a business rival's claim that Springfield city officials already have chosen John Q. Hammons' company to build a hotel near the Springfield Expo Center?"

It's almost 90%-10% saying yes. haha

[Pyaxi]

Anyone else see the poll on the news-leader website?

"Do you believe a business rival's claim that Springfield city officials already have chosen John Q. Hammons' company to build a hotel near the Springfield Expo Center?"

It's almost 90%-10% saying yes. haha

[danielmdifranco]

John Q is almost 90. He wont be around much longer.

I hope that Springfield Officials realized that Springfieldians are more important that Hammons.

[slyder1]

I will guarantee you guys that he will reduce his proposal and put like a little 10 story building on the arena site since BKD is looking at other places to build. This is the last piece of prime real-estate in Downtown and we are in the 20th century now! I think we can do better than 10 floors!!

[MSUBear42]

Well at least we're getting an Embassy Suites, right??? rightt?????

[Pyaxi]

At least, we have two tiny high-rise building better than nothing. I believe this will be his last one of his hotel on Spfd.

[slyder1]

I finally found the Agreement between Hammons and the City on the Hotel Deal:

He is supposed to start construction by Sep. 30 of this year, but somehow I don't see that happening.

7:34pm...Council Bill 2008-028. Sale of property involving the Arena Site deal. Councilman Manley wanted to amend by adding in section 3 a passage on declaring an emergency due to tax service. Amendment passes on voice vote. Mary Lilly Smith addressed council on the issue. The developement agreement between the city and John Q. Hammons properties is very similar to the previously approved agreement. The deal is for $7 million and closes by September 2008 and will require a national hotel change with a national reservation and national point system. Construction will complete within 24 months of the agreement including a link between the car park and the Springfield Expo center. This will include adding 15,000 square feet of meeting space and improving acoustics in the expo center. They will also be finishing out a kitchen space. Hammons will also include any improvements like sewer extensions.

There are other conditions attached to the agreement including receiving all necessary land use approval, close on sale of property to Opus for BKD building, bond obligations need to be released and development incentives have to be approved. Tax abatement will be provided on the land. John Q. Hammons