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Old 04-29-2015, 06:37 AM
 
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Gwinnett County Commissioners have approved a ground lease agreement that allows the county’s development arm to work with North Carolina-based Concord Sugarloaf LLC to build a Marriott hotel at Gwinnett Center.
The $70 million hotel will be the center’s headquarters hotel, meaning it will serve as the base of operations for organizers of large conventions and conferences that require multiple meeting locations, reports Gwinnett Daily Post.
The lease agreement, approved Tuesday, moves the county’s goal of having a headquarters hotel at the Gwinnett Center one step closer, the paper says.
Concord must still design the hotel, which could be a 12-story tower, before ground can be broken, the paper adds.
Gwinnett clears way for $70M Marriott at Gwinnett Center - Atlanta Business Chronicle
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Old 04-29-2015, 09:36 AM
 
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Gwinnett center has become quite the complex.
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Old 04-29-2015, 10:33 AM
 
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Assuming this is going to be the hotel Gwinett Center wanted to be attached to the property.
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Old 04-29-2015, 02:51 PM
 
Location: North Carolina for now....ATL soon.
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Where does the money come from for MARTA?? (bus and rail) Could some that money be allotted for that? I'm assuming that money comes from elsewhere. I mean really, a SEVENTY. MILLION. DOLLAR. Hotel?! Psssst! Waste. I guess this will be Gwinnett's Cobb Galleria.
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Old 04-29-2015, 02:54 PM
 
Location: North Atlanta
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Quote:
Originally Posted by No2Monsanto View Post
Where does the money come from for MARTA?? (bus and rail) Could some that money be allotted for that? I mean really, a SEVENTY. MILLION. DOLLAR. Hotel?! Psssst! Waste.
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Old 04-29-2015, 03:37 PM
 
Location: North Carolina for now....ATL soon.
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LOL. Watch it GULCH!!
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Old 04-29-2015, 05:37 PM
 
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Quote:
Originally Posted by No2Monsanto View Post
Where does the money come from for MARTA?? (bus and rail) Could some that money be allotted for that? I'm assuming that money comes from elsewhere. I mean really, a SEVENTY. MILLION. DOLLAR. Hotel?! Psssst! Waste. I guess this will be Gwinnett's Cobb Galleria.
The new hotel at Gwinnett Center is actually reportedly being funded with no taxpayer dollars. The new hotel is reportedly being paid completely for with private funding secured by the project's hotel developer.

Commissioners approve lease for $70 million Marriott hotel | Gwinnett Daily Post

From the link above:
Quote:
Officials are particularly pleased that they were able to attract such a large investment to the county without having to commit any taxpayer dollars as an enticement to Concord officials. The project is expected to be funded entirely with private funding secured by the hoteliers.

#“This might not be the only, but it’s one of the only ones that I’ve heard of where you have a headquarters hotel that’s been developed without some sort of commitment or investment from the municipality’s taxpayers,” Williams said.
The construction of the new full-service Marriott hotel on the grounds of the Gwinnett Center most likely cannot be considered a waste, but far from it.

The Gwinnett Center complex is actually an extremely busy complex with many conventions, events, concerts and exhibitions occurring at the complex on a frequent basis. Gwinnett Arena has even hosted the SEC Women's Basketball Tournament in recent years (2014, 2013, 2010 and 2007).

As for any future expansion of transit in Gwinnett County....$70 million might be able to buy some significant upgrades in bus service, but $70 million would likely be but just a drop in the bucket when it came to paying for the implementation of high-capacity passenger rail transit service in the county.

Though one very-important thing that we hopefully can take away from the reportedly completely privately-funded hotel construction project at Gwinnett Center can hopefully serve as some kind of financial model of how future transit upgrades and expansions can be paid for mostly with private funding.
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Old 04-29-2015, 07:04 PM
 
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It's a great venue. They keep it up really nice, there is plenty of free parking, and local police do a fantastic job directing traffic and preventing the disastrous traffic jams that can happen around Philips Arena during big events. I saw Lady Gaga there. And Slayer. Good shows.
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Old 04-29-2015, 09:07 PM
 
Location: North Carolina for now....ATL soon.
1,233 posts, read 1,152,432 times
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Quote:
Originally Posted by Born 2 Roll View Post
The new hotel at Gwinnett Center is actually reportedly being funded with no taxpayer dollars. The new hotel is reportedly being paid completely for with private funding secured by the project's hotel developer.

Commissioners approve lease for $70 million Marriott hotel | Gwinnett Daily Post

From the link above:


The construction of the new full-service Marriott hotel on the grounds of the Gwinnett Center most likely cannot be considered a waste, but far from it.

The Gwinnett Center complex is actually an extremely busy complex with many conventions, events, concerts and exhibitions occurring at the complex on a frequent basis. Gwinnett Arena has even hosted the SEC Women's Basketball Tournament in recent years (2014, 2013, 2010 and 2007).

As for any future expansion of transit in Gwinnett County....$70 million might be able to buy some significant upgrades in bus service, but $70 million would likely be but just a drop in the bucket when it came to paying for the implementation of high-capacity passenger rail transit service in the county.

Though one very-important thing that we hopefully can take away from the reportedly completely privately-funded hotel construction project at Gwinnett Center can hopefully serve as some kind of financial model of how future transit upgrades and expansions can be paid for mostly with private funding.
Hmmmm, thanks for the info. $70 million just a drop in the bucket for rail service huh?? Interesting.
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Old 04-30-2015, 11:09 AM
 
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Quote:
Originally Posted by No2Monsanto View Post
Hmmmm, thanks for the info. $70 million just a drop in the bucket for rail service huh?? Interesting.
Pretty much.

The proposed 12-mile extension of the MARTA Red HRT Line from North Springs to Windward Parkway has been estimated to cost somewhere between $1.5 billion to $2 billion.

A future rail transit line into the county from the MARTA Doraville Station up to at least as far as the Gwinnett Center complex (which is an implementation of rail transit service that many Gwinnett County business and real estate interests intensely desire) would be roughly about 15 miles or so in length.

...Which means that such a future high-capacity rail transit line deep into Gwinnett County would likely have a cost that was similar to the proposed extension of the MARTA Red Line from North Springs to Windward Parkway.
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