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Trenton officials outline plan to rehab downtown hotel, seek private developers
Summary
City economic development director described a plan to solicit redevelopment proposals for a long-closed downtown hotel, estimating roughly $50 million in renovation costs, existing bond debt of about $2.5 million and a preference for a private-sector-led transaction.
Trenton officials said they will solicit proposals from private developers to redevelop a 197-room downtown hotel the city has been pursuing for purchase and renovation.
City Economic Development Director Arch Liston told the City Council the property — built around 1999 and opened in 2002 — has been closed since 2012, has suffered vandalism and copper theft and will require a major retrofit to return to active use. Liston said the city has issued an RFP (posted on the UEC website) and is seeking a private redeveloper to partner under a redevelopment agreement.
Liston said the city is pursuing a private transaction and plans not to hold or manage the hotel itself. “No, we will not go to closing on the hotel until we have the developer who we designate,” Liston said, describing a “same-day flip” approach where the city would close on the property and then sell it immediately to a pre-identified developer. He…
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