Public hearing on hotel bonds set for Oct. 29

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By Shane Farley
October 18, 2013 - 3:59:43 pm

A public hearing is set for later this month to consider the issuance of bonds needed to fund construction of a new hotel near the Ark City hospital.

The hearing, conducted by Ark City commissioners, is set for 5:30 p.m. Oct. 29 at City Hall. Commissioners will consider the issuance of industrial revenue bonds in the an amount not to exceed $6.7 million.

City commissioners will also consider a property tax abatement for the project.

Construction could begin later this year at Patterson Business Park and the hotel would be near the South Central Kansas Medical Center just off U.S. Highway 77. Hospitality Management LLC said the facility is scheduled to open in the summer of 2014.

Hospitality Management is the developer and management firm. It currently manages two properties in Blackwell, Okla. that employ about 52 people.

The Ark City facility would combine 63 nightly stay rooms with six extended stay rooms that include kitchenettes. It would employ about 30 people, according to a statement from the company.

City commissioners and other taxing entities affected must approve the tax abatement.

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