Nov 7, 2013 7:34 PM by Akeam Ashford
Opelousas Mayor Donald Cravins says he will bring the of a Tax Increment Financing (TIF) district for a new hotel back up for vote at the Nov. 12th Opelousas City Council meeting.
This will be the third time the ordinance has been brought up before the council.
"If we chose not to participate in those kinds of innovative and creative economic plans, we're going to stay just the way we are," says Cravins.
The TIF ordinance is designed to lure Hampton Inn to build a new hotel along I-49 near Creswell Lane.
The developer is asking for $850,000 from the city for initial improvements and construction costs.
The ordinance would set up a 2 percent sales tax, to be paid by guests at the hotel. Money from the tax would pay back bonds the city would sell to get the money.
The problem is, Opelousas City Councilman Reggie Tatum says there's no guarantee the city would get its money back.
"These are the kinds of things I've been running into, and that's why I have questions," says Tatum.
As an added note, the Opelousas Saint Landry Chamber of Commerce supports the idea of bringing Hampton Inn to the City.
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