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Madison council approves resolution to support Hampton Inn on Clifty Drive
Summary
The council approved Resolution 2026-4C to declare a primary economic revitalization area for a proposed 82-room Hampton Inn on Clifty Drive; city staff said infrastructure work will be funded in part by a $200,000 grant from tourism revenue and a multi-year partial tax abatement is proposed.
Madison City Council voted to approve Resolution 2026-4C, a declaratory resolution supporting a real-property tax abatement to enable an 82-room Hampton Inn to be built on a parcel behind the Speedway site on Clifty Drive.
Tony, the presenter for the developer Clifty Madison LLC, told the council the project would fill a gap in local lodging inventory and is the first model of this Hampton Inn concept planned for Indiana. He said the developer expects to spend about $15 million on construction and estimated the project would support roughly $650,000 a year in salaries.
Tony said the site will require a new looped water line to meet fire-protection pressure and redundancy; he described a $200,000 grant from the Jefferson County Board of Tourism (JCBT) — enabled by a recent increase in the innkeeper's tax — as the source for the infrastructure work rather than city general-fund dollars. "We were able to receive $200,000 towards that infrastructure improvement," he said.
The presenter gave revenue projections the council was asked to consider: he said the vacant parcel currently generates about $2,500 a year in property taxes and estimated the completed hotel would yield roughly $190,000 per year in property taxes. He also projected a multi-year stream of innkeeper's-tax receipts (a "couple hundred thousand dollars a year," a 10-year estimate of about $1.6 million) and about $654,000 in local income tax revenue over 10 years. The proposed abatement structure described to the council was 100% in year one, then 50% in years two through six; the presenter characterized the return on the combined abatement and infrastructure investment as roughly 64% over six years and about 80% over ten years.
Council members asked clarifying questions and a motion to approve the resolution was made and seconded. The roll-call vote recorded the majority voting in favor; no public comment was offered on the resolution at the meeting.
The council and staff said the next formal step is a public hearing at a subsequent meeting before final confirmatory action.
