Landmark Building hotel redevelopment and TIF
Summary
A 20-year TIF will help convert the vacant historic Landmark building downtown into a hotel with $74 million in private investment — filling the gap between the Marriott, Omni and proposed JW Marriott. Critics objected to subsidizing hotels instead of housing.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed Jul 30, 2026.
Impact analysis
The city assigns a portion of future tax increment back to the project over 20 years rather than collecting it now.
Downtown's hotel corridor gains a redeveloped historic property and construction jobs.
Opponents argue tax dollars pledged to hotel development could instead fund housing needs.
Mentions & discussions (2)
Metro Council — July 30, 2026
A 20-year TIF will help convert the vacant historic Landmark building downtown into a hotel with $74 million in private investment — filling the gap between the Marriott, Omni and proposed JW Marriott. Critics objected to subsidizing hotels instead of housing.
Labor and Economic Development Committee — July 21, 2026
Two historic downtown buildings vacant since the early 2000s would become a $74 million, 150-room boutique hotel near the convention center. Metro would rebate part of the new property tax generated — about $3.76 million over 20 years — but keeps more than if the buildings stayed empty.
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