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Noblesville Common council approves economic revitalization area for hotel, conference center

CIN COM 1215 common council01

A rendering of the proposed development off Exit 210 shows a 187,000-square- foot, 198-suite hotel and 20,000-square-foot conference center. (Submitted image)

A rendering of the proposed development off Exit 210 shows a 187,000-square- foot, 198-suite hotel and 20,000-square-foot conference center. (Submitted image)

By Sadie Hunter

 

Continuing its support of proposed new development off Exit 210 on the southeast side of the city, the Noblesville Common Council approved a resolution at its Dec. 8 establishing an economic revitalization area for the city’s first full-service hotel and conference center.

Establishment of the economic revitalization area would allow the city to offer incentives to Sun Development & Management Corp. – the developer of the 20,000-square-foot conference center and 187,000-square-foot, 198-suite hotel – and capture tax increment financing dollars to show a return on investment of an estimated $879,000 annually after the final year (2029) of an offered 10-year tax abatement on the property.

The council took action on several other agenda items:

The next Noblesville Common Council meeting is 7 p.m. Dec. 22 at City Hall, 16 S. 10th St.

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