MANHATTAN (KSNT) – There is a big groundbreaking taking place this week in the Little Apple.
On July 16, developers started construction on a new 105-room Hampton Inn at 12th and Laramie streets in Manhattan. This project has been a part of Aggieville’s vision since 2019.
Back in January, Manhattan’s city commission approved $20 million in Industrial Revenue Bonds to help fund the project. City leaders say the investment will pay for itself over time, in the boost it brings to the economy.
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“It’ll contribute towards transient gas tax in our community,” Jason Hilger, Manhattan Deputy City Manager, said. “The district isn’t effect until 2038, so the quicker we can get this built, constructed, we’ll start capturing that roughly half million to $750,000 in revenue through 2038, to help us pay for public infrastructure.”
The Hampton Inn, along with a 100-stall parking garage, is expected to open late next year.
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