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Council approves amended RDA incentive for hotel conversion to Comfort Inn & Suites
Morgan City Council · January 1, 2025
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Summary
Morgan City and the Morgan City RDA approved an amended economic development incentive agreement to support conversion of the Cobblestone Hotel into a Comfort Inn & Suites. The amendment removes a clause that would have reduced annual payments if certain revenues were not collected.
Morgan City and the Morgan City Redevelopment Agency approved an amended economic development incentive agreement with the hotel owner to support the conversion of the Cobblestone Hotel into a Comfort Inn & Suites.
The amended agreement provides $775,000 in RDA incentives to the new…
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