New hotel financing options could delay downtown construction - KSWO 7News | Breaking News, Weather and Sports

New hotel financing options could delay downtown construction

A start date for construction in downtown Amarillo may be getting bumped back a little bit further.

You wouldn't know it by driving down Buchanan Street in Amarillo but plans to build a hotel, parking garage, and baseball complex are still moving forward, even if construction isn't.

"We've seen about 75 million dollars in investment in downtown that's visible in terms of major projects," said Downtown Amarillo Inc. Executive Director, Melissa Dailey.

What's not so visible though, is any construction on the hotel, parking garage, or baseball complex that was originally slated to start late this year.

"I think that's probably going to be moved out some as we are looking at other financing options that could help the project," said Dailey. "The garage will follow the hotel in terms of the construction, beginning the construction so we are very focused on the hotel."

But if construction of the hotel is pushed back, so is the building of the parking garage and baseball complex.  About half the land designated for the Multi-Purpose Event Venue (MPEV) is already owned by the City, but the other half belongs to Coca Cola, and a time line for the construction of the ballpark can't even be laid out until negotiations for that piece of property are complete.

"Discussions have been ongoing with Coca Cola to help build a facility for them that would really work better than the downtown location."

Part of those discussions could include building a new Coke facility out near Ben E. Keith. But like many of the revitalization efforts right now, those plans, too, are still being negotiated.

Downtown Amarillo Inc. is also working on three new residential projects in the downtown area right now, two on 10th Street and one on Polk St. Plus, for future projects, Dailey says they're considering an expansion of the Civic Center that would include more meeting and exhibit space on the inside, and some kind of exterior improvement for aesthetics on the outside.

ADVERTISEMENT
Bookmark and Share
  • Local NewsNewsMore>>

  • The Latest: Korea's Lee wins gold in men's mass start

    The Latest: Korea's Lee wins gold in men's mass start

    Friday, February 23 2018 8:14 PM EST2018-02-24 01:14:57 GMT
    Saturday, February 24 2018 8:39 AM EST2018-02-24 13:39:27 GMT
    (AP Photo/Michael Sohn). Driver Nadezhda Sergeeva and Anastasia Kocherzhova of the Olympic Athletes of Russia take a curve in their third heat during the women's two-man bobsled final at the 2018 Winter Olympics in Pyeongchang, South Korea, Wednesday, ...(AP Photo/Michael Sohn). Driver Nadezhda Sergeeva and Anastasia Kocherzhova of the Olympic Athletes of Russia take a curve in their third heat during the women's two-man bobsled final at the 2018 Winter Olympics in Pyeongchang, South Korea, Wednesday, ...

    The International Bobsled and Skeleton Federation says it isn't commenting yet on an alleged anti-doping rule violation by Russian women's bobsledder Nadezhda Sergeeva.

    The International Bobsled and Skeleton Federation says it isn't commenting yet on an alleged anti-doping rule violation by Russian women's bobsledder Nadezhda Sergeeva.

  • Emoluments suit vs. Trump now personal as well as official

    Emoluments suit vs. Trump now personal as well as official

    Saturday, February 24 2018 12:45 AM EST2018-02-24 05:45:34 GMT
    Saturday, February 24 2018 8:38 AM EST2018-02-24 13:38:50 GMT
    (AP Photo/Evan Vucci). In this Feb. 20, 2018, photo, President Donald Trump speaks in the East Room of the White House in Washington. Attorneys general of Maryland and the District of Columbia on Feb. 23, expanded their lawsuit accusing Trump of accept...(AP Photo/Evan Vucci). In this Feb. 20, 2018, photo, President Donald Trump speaks in the East Room of the White House in Washington. Attorneys general of Maryland and the District of Columbia on Feb. 23, expanded their lawsuit accusing Trump of accept...

    AGs of Maryland, DC expand emoluments lawsuit against Trump, suing him not only as president but in his personal capacity as a businessman.

    AGs of Maryland, DC expand emoluments lawsuit against Trump, suing him not only as president but in his personal capacity as a businessman.

  • Trump talks new gun measures, gun owners talk 'betrayal'

    Trump talks new gun measures, gun owners talk 'betrayal'

    Saturday, February 24 2018 1:15 AM EST2018-02-24 06:15:31 GMT
    Saturday, February 24 2018 8:38 AM EST2018-02-24 13:38:42 GMT
    (AP Photo/Evan Vucci). In this Feb. 22, 2018, photo, President Donald Trump speaks during a meeting with state and local officials to discuss school safety in the Roosevelt Room of the White House in Washington. Trump could face a backlash from gun rig...(AP Photo/Evan Vucci). In this Feb. 22, 2018, photo, President Donald Trump speaks during a meeting with state and local officials to discuss school safety in the Roosevelt Room of the White House in Washington. Trump could face a backlash from gun rig...
    President Donald Trump could face a backlash from gun rights advocates by voicing support for gun control measures.
    President Donald Trump could face a backlash from gun rights advocates by voicing support for gun control measures.
Powered by Frankly