The Edmond Sun
Infrastructure is gaining momentum for the hotel and conference center in development at the northwest corner on Interstate 35 and Covell, said Janet Yowell, executive director of the Edmond Economic Development Authority.
The bid packet is being prepared for the paving portion of the project, said Steve Murdock, city attorney.
A major economic investment in 2012 was made by the city at Covell at Interstate 35. The Edmond City Council approved the negotiated agreements for developing the $25.5 million Hilton Garden Inn and conference center.
Agreements were approved by the city in October for developing the project. The hotel and conference center will be constructed simultaneously.
The city of Edmond’s attorney for the project, Leslie Batchelor, is keeping all of the stakeholders aware of the city’s time schedules that was set for the project. Every deadline has been met by the city, said Yowell, at Tuesday’s EEDA board meeting.
“We’ll formulate some timelines of the actual hotel construction and the first thing that may come out of the ground on the retail side of things,” Yowell said.
Council members approved the $2.2 million purchase of 7.13 acres of undeveloped land at the hotel site in 2012. The $2.2 million was taken from the city’s Real Property Tax Fund. Safeguards are in place to protect the city’s land investment, said attorney Leslie Batchelor, representing the city in the project. It is a legal requirement that the public not give anything away to private investment, Batchelor said.
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