Bibb commissioners approve bonds for parking decks (Macon: hotels, construction)

[Airforceguy]

It's about time this project moves forward...

The UDA would take out $20 million in bonds to build two downtown parking decks. They have 30 years to pay back those bonds. In the meantime, they can start collecting parking revenue and the developers pay their property taxes to the UDA to pay those bonds back.

Bibb County commissioners approved the bonds at their meeting Tuesday night.

Those two parking decks will be built on DT Walton Sr. Way behind the Macon-Bibb Government Center and Poplar Street right behind one of the hotels.

"The local government have pledged to be the backstop for the bond. However, those PILOT payments and parking revenues are all pledged in front of the county guarantee," said Morrison.

Thornton says construction should start by the end of September and the hotels should be built by the end of 2020. He's expecting the project will create more than 100 jobs and add more than $1 million to the hotel-motel tax rolls.

https://www.13wmaz.com/article/news/...c-c10b76fece39

[maconfinance]

This will take downtown so much further than it currently is. Getting more foot traffic downtown from the hotel will be great.

[NewtownMacon]

Originally Posted by maconfinance

This will take downtown so much further than it currently is. Getting more foot traffic downtown from the hotel will be great.

I definitely agree 100%... Plus the old Ramada hotel opening as a wyndham hotel late 2019. That will give Macon 3 big name hotels (Hyatt, Marriot & Wyndham) all Downtown to help draw in more foot traffic and bigger events and conventions to the city. Actually this Project will include to 2 hotels a hyatt and a smaller hotel. Its going to be a real game changer.