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Gardner council approves tax abatement, creates CID for proposed dual-brand hotel
Summary
City council approved a resolution to issue industrial revenue bonds up to $23 million and adopted an ordinance forming a 20-year Community Improvement District that will levy a $5 per-room-night assessment to support a proposed Staybridge/ Holiday Inn Express project near 170th Street and Clare Road.
The Gardner City Council on Feb. 1 approved a resolution authorizing taxable industrial revenue bonds up to $23 million and adopted an ordinance creating a 20-year Community Improvement District to support a proposed dual-brand hotel near 170th Street and Clare Road.
The hotel developer, Gardner Hotel LLC, plans a dual-branded property with Staybridge Suites and Holiday Inn Express on a roughly 3-acre parcel in the Grammer master development. Tyler Ellsworth, the city’s bond counsel, told the council, “It’s my understanding that this is the first of its kind in the country.” Kirk Peterson, representing the applicant, described the pair of franchises as complementary, saying, “Staybridge... is such a great family hotel.”
Why it matters: The council approved two distinct public incentives that…
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