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Mayor says hotel-convention center groundbreaking advances long-running economic project
Summary
Mayor reported a groundbreaking for a seven-story, 240-room Hilton Embassy Suites and discussed county and CVB financing commitments for the convention-center expansion.
The mayor reported that the city held a groundbreaking ceremony for a hotel and convention center project, describing a seven-story, 240-room Hilton Embassy Suites and saying county and tourism officials have committed financing for the project.
The mayor said the DeSoto County Board of Supervisors has committed to issue approximately $39 million in debt and that the Convention and Visitors Bureau will contribute cash reserves toward expanding the Landers Center. He described the event as the culmination of roughly eight years of planning and said work is expected to proceed vertically following the ground-breaking.
Why it matters: city leaders characterized the project as a major economic development expected to draw visitors and spur spending at local businesses. The mayor said the hotel and convention center are intended to attract larger events and noted recent investments in parks and the amphitheater as complementary amenities.
No formal board action on the item was taken during the meeting; the mayor offered the update as part of his report to the board.
