New hotel financing options could delay downtown construction - KWES NewsWest 9 / Midland, Odessa, Big Spring, TX: newswest9.com |

New hotel financing options could delay downtown construction

Posted: Updated:

A start date for construction in downtown Amarillo may be getting bumped back a little bit further.

You wouldn't know it by driving down Buchanan Street in Amarillo but plans to build a hotel, parking garage, and baseball complex are still moving forward, even if construction isn't.

"We've seen about 75 million dollars in investment in downtown that's visible in terms of major projects," said Downtown Amarillo Inc. Executive Director, Melissa Dailey.

What's not so visible though, is any construction on the hotel, parking garage, or baseball complex that was originally slated to start late this year.

"I think that's probably going to be moved out some as we are looking at other financing options that could help the project," said Dailey. "The garage will follow the hotel in terms of the construction, beginning the construction so we are very focused on the hotel."

But if construction of the hotel is pushed back, so is the building of the parking garage and baseball complex.  About half the land designated for the Multi-Purpose Event Venue (MPEV) is already owned by the City, but the other half belongs to Coca Cola, and a time line for the construction of the ballpark can't even be laid out until negotiations for that piece of property are complete.

"Discussions have been ongoing with Coca Cola to help build a facility for them that would really work better than the downtown location."

Part of those discussions could include building a new Coke facility out near Ben E. Keith. But like many of the revitalization efforts right now, those plans, too, are still being negotiated.

Downtown Amarillo Inc. is also working on three new residential projects in the downtown area right now, two on 10th Street and one on Polk St. Plus, for future projects, Dailey says they're considering an expansion of the Civic Center that would include more meeting and exhibit space on the inside, and some kind of exterior improvement for aesthetics on the outside.

  • Local HeadlinesMore>>

  • Child Safe After Climbing Into Stuffed Animal Game at Bowling Alley in Nebraska

    Child Safe After Climbing Into Stuffed Animal Game at Bowling Alley in Nebraska

    A child is safe after climbing into and getting stuck inside a stuffed animal claw crane machine at a bowling alley in Lincoln, Nebraska on Monday. Monday evening, Curious George wasn't the only curiosity in a vending machine at Madsen’s Bowling and Billiards. There was a child inside the Bear Claw machine.
    A child is safe after climbing into and getting stuck inside a stuffed animal claw crane machine at a bowling alley in Lincoln, Nebraska on Monday. Monday evening, Curious George wasn't the only curiosity in a vending machine at Madsen’s Bowling and Billiards. There was a child inside the Bear Claw machine.
  • Man Charged With Marathon Hoax Appears in Court

    Man Charged With Marathon Hoax Appears in Court

    The mother of a man arrested near the Boston Marathon finish line carrying a backpack containing a rice cooker on the anniversary of the bombings says her son has a mental disorder. Joie Edson tells The Associated Press her son Kevin "Kayvon" Edson has bipolar disorder.
    The mother of a man arrested near the Boston Marathon finish line carrying a backpack containing a rice cooker on the anniversary of the bombings says her son has a mental disorder. Joie Edson tells The Associated Press her son Kevin "Kayvon" Edson has bipolar disorder.
  • Death Toll in Washington Mudslide Rises to 39

    Death Toll in Washington Mudslide Rises to 39

    The death toll from the mudslide that hit the Washington town of Oso has risen to 39. The Snohomish County Medical Examiner's Office announced two more victims Wednesday and said it's trying to identify three of the bodies.
    The death toll from the mudslide that hit the Washington town of Oso has risen to 39. The Snohomish County Medical Examiner's Office announced two more victims Wednesday and said it's trying to identify three of the bodies.
ADVERTISEMENT
Bookmark and Share