UPDATE: Committee members vote to sell bonds to build Dallas’ convention center hotel

Updated 03:01 p.m., June 21, 2009

by PegNews wire

Artist's rendering of Dallas Convention 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