The Developer for the 2.13 acre TownPlace Suites by Marriott project at 51 Columbia Street has submitted an application for review and approval as a designated Transit Oriented Development (TOD).
The project consists of a 6-story, 110-room hotel.
If approved, Townplace Suites will receive a 25% reduction in Transportation Impact Fees because it meets or exceeds (1) pedestrian and (2) bike facilities City code. The total reduction is $92,866.30.
It could've been considered for an additional 25% reduction had it (1) been composed of a mixture of land uses, including residential, with the ground floor consisting of primarily (>50%) active uses and (2) agreed to fund or subsidize transit ridership for employees and residents.
City staff support the reduction. It goes before City Council for approval June 25th.