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Council approves framework for hotel and joint-use garage; staff authorized to renegotiate county interlocal
Summary
Council gave conceptual approval to a private hotel project that includes a developer-built, city-owned joint-use parking garage; staff was authorized to renegotiate the 2021 interlocal agreement with Brevard County to allow the P3 and future paid parking.
Melbourne City Council on July 8 approved the conceptual framework for a public–private partnership (P3) with Melbourne Hospitality Holdings (MHH) to build a 160-room hotel adjacent to downtown and a city-owned joint-use parking garage.
Under the preliminary framework council approved, the developer would construct a roughly 542-space garage; the city would fund the public portion — about 300 spaces — with near-term capital estimated at $10.5 million. The developer would retain and use roughly 242 spaces for hotel parking under a license or lease arrangement. The city would take ownership of the garage when completed; the developer would operate and…
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