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IOWA CITY Hears Plan to Divert Hotel Taxes for Hilton Garden Inn
Iowa City Council will consider routing 50 percent of room taxes from the Hilton Garden Inn at 328 S Clinton St to the developer to shorten the TIF repayment. The move aims to close an 8.8 million financing gap in a 33 million project and cut the rebate period to 12 to 15 years. CVB president calls impact minimal while noting ongoing tax diversions at Coralville’s Marriott.
MENTIONED IN THIS ARTICLE
Iowa City
Hilton Garden Inn
Iowa City Council
Kinseth Hospitality Companies
S. Clinton St
Riverfront Crossings
Coralville Area
Trator
Kelly Hayworth
Hayworth