Council to Hear Downtown Tif Plan ; Developer Wants to Build Boutique Hotel.

Columbia Daily Tribune › February 21, 2011

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Summary

Another redevelopment project could come to downtown Columbia if the city council approves it during its meeting tomorrow night.

The plan would replace the existing Regency Hotel with a new, boutique-style building seven stories high with more than 120 rooms. The developer, David Parmley, wants to use Tax Increment Financing, or TIF, for the project.

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Council to Hear Downtown Tif Plan ; Developer Wants to Build Boutique Hotel.

This kind of taxpayer support would use the extra tax revenue the new building generates to help pay back...

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