Tax Increment Financing Projects Get Beatrice City Council OK

Tax Increment Financing Projects Get Beatrice City Council OK
Proposed location of new extended-stay hotel, in north Beatrice

BEATRICE – Tax increment financing projects have gained approval of the Beatrice City Council.   One is for construction of a new extended-stay hotel, immediately north of the Holiday Inn Express.

City Administrator Tobias Tempelmeyer says the layout of the project needs to be settled before it returns to the Community Redevelopment Authority for approval.

:16                  “to divide”

The hotel would be built in parking area to the north of the Holiday Inn Express and offer about 46 to 52 rooms.

A second project, renovation of the Hevelone Building along North Sixth downtown, received approval for tax increment financing by the council.

:16                  “recommended it”

That building is also receiving grant assistance through a downtown façade improvement program, funded by a state block grant.

The council approved a loan of $8,500 from the block grant program to Larry and Joyce Kassebaum, for a building front improvement at 110 North Seventh.

:08                  “the project”

Because of some differences over type of windows in the building recommended by the State Historical Society, Tempelmeyer says the owners reduced the scope of the project, maintaining the current windows. Stucco repair and repainting will be done. The loan was approved by the council on a 6-0 vote.  City crews have begun drainage improvement work near the building.

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