Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Economic Development topic
No spam. Unsubscribe anytime.
City weighs $600,000 hotel-motel reimbursement to expand Keller Convention Center parking
Summary
Director Hall presented a proposed reimbursement agreement of up to $600,000 from hotel-motel funds to construct about 171 parking spaces for the Keller Convention Center; funding conditions include a 10-year operation requirement and project completion by July 4, 2026.
City staff presented a proposed agreement to reimburse up to $600,000 for construction of approximately 171 parking spaces to serve the Keller Convention Center. The funding would come from hotel-motel tax revenues and would be paid as a reimbursement to the property owner upon project completion. Staff said the project must be completed by July 4, 2026, and the facility must operate as a convention center for 10 years following improvements or the city could claw back funds.
Councilmembers discussed the policy rationale for using hotel-motel funds to support parking, noting that convention centers often require public assistance and that the improvements could protect hotel-tax revenue generated by conventions. One council member said such investments are atypical for cities but acknowledged the convention center's regional economic contribution. The council expressed general support and asked staff to return the agreement for a formal vote.
