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Greensboro Offers $2M In Breaks For Luxury Hotel

8:24 AM, Jan 26, 2014   |    comments
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GREENSBORO, N.C. (AP) -- Greensboro officials are ready to give the developers of a proposed luxury hotel $2 million in sweeteners over five years, but they're drawing the line at building a new parking deck.

The News & Record of Greensboro reports that incentives for the proposed $40 million Wyndham hotel have varied for months. The City Council will hold a public hearing on the incentive at its Feb. 4 meeting.

Investors expect the hotel would create almost 170 jobs, more than two-thirds of them paying less than $30,000 a year.

The hotel project's Washington, D.C.-based principal investor is Greg Dillon. He says developers can afford to build the parking deck, but they won't be able to move forward on the hotel without incentives

Associated Press

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