A game-changer for the community : Clear Lake proceeds with another development project | Govt-and-politics globegazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globegazette.com Daily Mail and Mail on Sunday newspapers.
The developer of the Marriott hotel and event center east of Interstate 35 in Clear Lake has met its first milestone since the city amended how it would receive $1.2 million in economic development incentives.
The Clear Lake City Council unanimously approved bills and claims including $400,000 for JSM Investment LLC, of Johnston, for completing project framing and having the building dried in and drywall started at its meeting earlier this month.
Construction is ongoing at the Marriott-branded hotel in Clear Lake. Lisa Grouette
âThe city is very pleased with the progress HCI has made on the building to-date,â said Scott Flory, Clear Lake city administrator.
The city of Clear Lake is considering an amendment to its consolidated urban renewal plan that would allow it to provide up to nearly $1.5 million in financial incentives to two new commercial developments.
City Administrator Scott Flory briefly reviewed the unnamed developments, including a 47,000-square-foot commercial and retail space with related surface parking and a 6,000-square-foot commercial space, and incentives with the Clear Lake City Council Monday evening during its meeting.
City Administrator Scott Flory outlines two new commercial projects proposed in the city during the Clear Lake City Council meeting Monday evening. Ashley Stewart
The two projects would result in a developersâ investment of at least $8.5 million, including $7.5 million and $1 million, respectively.