Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council authorizes work on P3 parking-garage and 160-room hotel proposal
Summary
The Melbourne City Council directed staff to draft a comprehensive public-private (P3) agreement with Melbourne Hospitality Holdings for a 542-space joint parking garage and adjacent 160-room hotel, keeping city ownership of the garage and using CRA funds to pay for the public parking portion, contingent on a county interlocal amendment.
The Melbourne City Council on Oct. 28 directed staff to prepare a comprehensive public‑private partnership agreement with Melbourne Hospitality Holdings (MHH) for a proposed 160‑room hotel and an attached 542‑space joint‑use parking garage.
The proposal calls for MHH to build a seven‑level precast concrete parking structure with 542 spaces, of which 300 would be dedicated public parking funded with about $10.5 million in Community Redevelopment Agency (CRA) dollars during construction. The remaining roughly 242 spaces would be reserved to meet the hotel’s code requirement and leased…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
