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Davenport City Council rejects $19M hotel project over completion doubts and tax incentives.
The Davenport City Council rejected a $19M project for a hotel and business building downtown due to concerns about project completion certainty and tax incentives.
The developer, Pete Stopulos, had requested the city rebate 75% of the hotel-motel tax for ten years, then 50% for five more years.
Despite the vote, Stopulos plans to revise the proposal and seek feedback to make it more acceptable.
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El Ayuntamiento de Davenport rechaza el proyecto hotelero de $19M sobre dudas de terminación e incentivos fiscales.