Economy & Economic Development  March 5, 2015

Greeley awaits developers’ response on hotel/conference center

GREELEY — Two developers have expressed interest in building a hotel and conference center in downtown Greeley, although officials declined to identify the two parties.

The city issued a request for proposal for the project last month, and developers have until March 18 to file a proposal.

The city wants a 150,000-square-foot hotel with 150 to 200 rooms, and a minimum of 5,000 square feet of conference space and another 2,000 square feet of space for meeting breakouts.

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Pam Bricker, executive director of Greeley’s Downtown Development Authority, said Thursday that the city wants the hotel to be on the high-end of the hotelier’s spectrum of offerings.

“We want it to be a full-service hotel that includes a restaurant,” she said.

The city has received one proposal from a local developer and one from a developer outside the region. Bricker would not disclose the names of the developers.

The city wants to build the hotel and conference center on the southern half-block of its Lincoln Park Annex at 919 7th St. The property presently has a bus transit station, a 198-space parking lot, public art installations and a structure that houses council chambers.

Bricker said the bus transit station will move into a new facility on North 11th Avenue that will be built this summer. Council chambers, where city council meetings are held, will move into Weld County School District 6’s building at 1025 Ninth Ave. Bricker said the city will upgrade the technology in the district’s building, pointing out that the school district meets on Mondays and the city council meets on Tuesdays.

The city expects to retain ownership of the land and will entertain a long-term lease that allows a shared parking arrangement between the hotel and the city. Although the city will continue to own the land, the hotel/conference center will be expected to pay property taxes for the improvements, according to the RFP.

Several incentives could be available to the winning bidder, including tax increment-financing assistance from the city and state tax credits through Colorado’s Enterprise Zone program. The proposals will be evaluated by a selection team made up of representatives from the city of Greeley, the Greeley Downtown Development Authority and Chamber of Commerce.

GREELEY — Two developers have expressed interest in building a hotel and conference center in downtown Greeley, although officials declined to identify the two parties.

The city issued a request for proposal for the project last month, and developers have until March 18 to file a proposal.

The city wants a 150,000-square-foot hotel with 150 to 200 rooms, and a minimum of 5,000 square feet of conference space and another 2,000 square feet of space for meeting breakouts.

Pam Bricker, executive director of Greeley’s Downtown Development Authority, said Thursday that the city wants the hotel to be on the high-end of the hotelier’s…

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