As City Council plans for the development of a hotel and conference center beside City Hall, one part of a financing package it is considering has come under public scrutiny.
Two people voiced concerns to the council this week about a foreign investment program it is considering to attract developers to build, own and manage the hotel and conference center.
The city has wanted a hotel and conference center for years, and several months ago the council began considering a new option to drive the project forward after city leaders were approached by NYSA Capital, an advisory and finance management consultant group that deals with employment-based immigration visas.
“They said, ‘We’ve always heard that you’ve wanted a hotel and conference center downtown. We have a way that you might can get it,’” Mayor Randy Toms said of NYSA.
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