comparemela.com

கிரீன்ஸ்போரோ அவென்யூ News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Developers seek tax refunds, fee waivers to proceed with new hotel

The fate of a new hotel within McFarland Boulevard’s de facto lodging district is now in limbo. Ascent Hospitality, the locally-owned company behind several hotels within the city, has formally withdrawn its economic aid request from City Hall following weeks of negotiation without an agreement. The developers were seeking property tax rebates and a license fee waiver totaling $386,295 to assist in the construction of a new $12 million Avid hotel. But on Friday, Tuscaloosa attorney Bryan Winter, who is representing Ascent Hospitality and the father-and-son team of Ajit Kher and Ajay Kher, confirmed to The Tuscaloosa News that the Khers have withdrawn their request after city leaders declined to take action during the July 13 council meetings.  

ALDOT road deal on life support, may kill new Tuscaloosa retail center

Six years ago, the Alabama Department of Transportation and the city of Tuscaloosa traded streets. The city took on oversight of University Boulevard, thereby removing the strict state oversight regarding ingress, egress and other factors that can affect or limit how property owners, particularly businesses, can access the roadway. In exchange, ALDOT received 15th Street, converted it to Alabama Highway 215 and got a straight-shot roadway through one of the state’s largest cities. “We see this as a benefit to all parties,” said then-City Attorney Glenda Webb in summer 2015 when the deal was finalized. Now, the city is looking to reclaim 15th Street and, with it, most of Greensboro Avenue from ALDOT to, again, free up developments from the rigid regulations imposed by the state highway department that are meant to improve safety for drivers.

© 2025 Vimarsana

vimarsana © 2020. All Rights Reserved.