There are 5 article(s) tagged Memphis convention center hotel:
The terms of the tax incentive for adding a 300-room tower to the existing Sheraton convention center hotel include keeping the value of the existing hotel at its 1998 assessment for tax purposes. Although they don’t have a vote on the incentive terms, Memphis City Council members say their concerns are linked to their vote on a hotel tourism surcharge.
The standoff over terms to start construction of the third of three hotels at One Beale remains despite Thursday’s council vote.
The Thursday 4 p.m. session at City Hall comes after the city administration balked at a change in the terms of a city-funded backstop for the hotel project. The delayed Tuesday vote came as the administration got some expressions of concern from state officials.
Committee leans toward giving the Downtown Sheraton hotel owners a tax incentive that would put the property back on the tax rolls but also, the city hopes, encourage a more substantial renovation.
A bid by the Sheraton Downtown Memphis Hotel to block incentives for a new Loews convention center hotel in Memphis has been dismissed in Davidson County Chancery Court.
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