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The Corpus Christi B Corporation approved Amendment No. 2 to the Business Incentive Agreement with Elevate QOF, LLC for the Hilton Homewood Suites project, extending the construction completion date from March 31, 2026 to August 31, 2026 and extending deadlines for primary job creation and retention certification. The board discussed related legal and commercial matters in executive session; two members (Diana Summers and Claudia Mostaghasi) recused from the vote. Several residents provided public comment before the action was taken.
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The board gave the hotel developer more time to finish construction and to meet the job-related benchmarks needed to qualify for the agreed incentives. For residents this means the hotel project remains active and has until the new deadline to complete work and meet hiring targets rather than being immediately declared in default. Two board members did not participate in the vote because they recused themselves.
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