Hotel Gets $92K for Caring About Pedestrians and Cyclists
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.