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The committee forwarded a major Downtown Connection TIF District amendment and 901 Main Street redevelopment proposal to the full council by a 6-1 vote. It also unanimously held a parking-rule amendment under advisement until the November 3, 2025 committee meeting.
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The biggest action was support for expanding the Downtown Connection TIF District to include 901 Main Street so the city can consider funding a proposed $409,086,740 redevelopment of the Bank of America tower and nearby property. The project would convert part of the tower into mixed-use space, including about 280 hotel rooms and a 1,115-space parking garage, with up to $98 million in TIF funding recommended as gap financing. The committee also kept a separate parking ordinance proposal in review rather than advancing it right away, so that item is not yet ready for final council action.
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