Monday, February 17, 2014

2-17-14 holiday inn conference center-tax increment district

The Fond du Lac Planning Commission will hold a public hearing Monday on a proposed tax increment district for a Holiday Inn conference center.  The city council has approved a developers agreement which would provide $950,000 toward the conference center pending the creation of the TID.  Community Development Director Wayne Rollin says the additional taxes generated by the Holiday Inn Express and other property improvements will allow the city to recover its investment.  Rollin says without the TID there
Is no conference center.  Opening for the new 16,000 square foot conference center is planned for early next year and renovation of the existing Holiday Inn would be completed soon thereafter.  The public hearing will be held at 5:30pm Monday at the city-county government  center.

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