Monday, June 15, 2009 , Updated 3:01 p.m., June 21, 2009
UPDATE: Committee members vote to sell bonds to build Dallas’ convention center hotel
DALLAS — They're still saying that only weeks after the controversial proposition to build a Dallas Convention Center hotel was passed, city planners are ready to move forward. The city council's Economic Development committee unanimously voted to sell bonds today so that the new hotel, which will cost about $346 million, can begin construction. It will take just over two years to build the hotel, giving it an opening date—officials hope—of late 2011 or early 2012. The resolution will be brought up to the council for a vote on Friday, June 19.
City officials tell local sources that the money to build the hotel won't come out of taxpayers' pockets. We'll let you develop your own conclusions about that one.
See all the really long documentation, if you're into that sort of thing.
UPDATE: City Council authorized the issuance of $514 million in bonds.
Posted by Sarah
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Scott Doyle, says:
Who is this Sarah?
Verified
5 months, 3 weeks agoLink to this comment | Suggest removal
Sarah Blaskovich, says:
Hi, Scott. I'm the new associate managing editor for the site. I see you'll be posting frequently and that makes me very pleased. Nice to meet you!
Staff
5 months, 3 weeks agoLink to this comment | Suggest removal
Billusa99, says:
Watch out for Doyle!
They will only sell the bonds if they get 5.5% or lower. Good luck on that anytime soon!
Anonymous
5 months, 3 weeks agoLink to this comment | Suggest removal
Jason Rice, says:
Welcome Sarah.
ScoDo is our official stalker and "Whitespace Knight"
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5 months, 3 weeks agoLink to this comment | Suggest removal
jtmbls, says:
He also responds to Buttmunch.
Anonymous
5 months, 3 weeks agoLink to this comment | Suggest removal
Jason Rice, says:
Let's not be so formal on her first day, Tumbles
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ch0, says:
Hi Sarah!
Anonymous
5 months, 3 weeks agoLink to this comment | Suggest removal
Scott Doyle, says:
Sarah, pay no mind to these naysayers. Only natural for common folk to throw us quality posters under the bus whenever possible.
Pretty sure J-Rice and tumbles joining forces makes it a short bus...but it's still a bus.
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jtmbls, says:
You're right Jason. Sarah, my apologies and a hearty welcome.
Anonymous
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Jesus Valadez, says:
Who came up with the $500 million estimate again?
hi jtmbls
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