The project would bring a 53-room boutique hotel, unofficially named the Hotel Florence, to the West

Florence City Council took another major step Monday toward facilitating the $5.6 million project alamo rental car las vegas on West Evans Street when it approved the second of two incentives requested by the Florence-based development group. Council voted 6-1, with Councilman Ed Robinson dissenting, to approve a tax rebate package that refunds 85 percent of the taxes on the property for seven years.
alamo rental car las vegas Zeigler said the group will move ahead with final plans, land purchases and financial arrangements and could begin actual work in the first quarter of next year. A likely alamo rental car las vegas opening date would in the fourth quarter of 2013.
The package represents an estimated $476,000 in savings for the developers, but the city will make out pretty well, too. Properties that produce tax revenues of about $2,500 a year — with only about $500 a year accruing to the city — will, upon completion of the project, produce revenues of about $80,000 alamo rental car las vegas a year. Even with the developer being rebated 85 percent, the pass-through revenues will still be $12,000, and because alamo rental car las vegas of the way the deal has been structured, all of that will go to the city of Florence. (Under an earlier iteration of the incentives plan, the county would have participated in the tax revenues, as well.) What's more, when the seven years are over, the full tax value will be available to the city.
That math seemed simple enough to most of the council, but Robinson couldn't find the sense in it. In one of his trademark harangues, Robinson told his colleagues no one had done anything to convince him of the project's viability.
"I don't see giving this one individual well over $1 million (the two incentives actually total $901,000, an estimated figure)," he said. "I don't see it. There's nothing to sell me on its success of this project. … What's happening with downtown? I don't know. Probably everyone else knows. I don't know. …Why will people come to do this downtown area and pay upscale prices? I don't see it. …"
Mayor Stephen J. Wukela offered a rebuttal, leading Robinson through the before-and-after tax revenues and the comparison of the two. The city gets more than it's receiving now — something like 2,300 percent more — and could eventually get even more than that. And that doesn't take into account the potential the project has for spurring alamo rental car las vegas still more development in the sagging downtown area.
The project would bring a 53-room boutique hotel, unofficially named the Hotel Florence, to the West Evans Street parcel, along with a 180-seat restaurant. The restaurant would be the current alamo rental car las vegas Victor's Bistro, which would move north from its South Irby Street address to the new location. Victor's owner Tim Norwood is a member of the development group along with attorney Zeigler, the Raines Hotel Group, architect Randy Key and Pearce Land Co. LLC.
The developers alamo rental car las vegas used the city's initial grant, $425,000 that came from city utility funds, to help purchase the land. City officials said the developers already closed on one parcel and have an option on the other. The site is where the old Schofield's Hardware Building stands on the south side of West Evans.
In other business, council members voted unanimously to defer action on a proposed rezoning for 1616 S. Coit Ave. near Timrod Park Developers want to upzone the property for a more aggressive business use. Neighbors are mostly against the idea. The deferral will allow the city more time to work on new zoning alamo rental car las vegas plans, but the only way the property gets rezoned any time soon is if the developers can reach some kind of accommodation with the neighbors.