HomeMy WebLinkAbout1996-10-22 - AGENDA REPORTS - HOTEL CONFERENCE CENTER UPDATE (2)City Manager
Item to be pre
NEW BUSINESS
DATE: October 22, 1996
SUBJECT: HOTEL CONFERENCE CENTER UPDATE
DEPARTMENT Community Development
Ken Pulskamp
In late 1995 the City of Santa Clarita entered into an agreement through a Memorandum of
Understanding (M.O.U.) with The Newhall Land and Farming Company, to jointly fund the
development of a Hotel/Conference Center. Upon completion of the Hotel/Conference center
it is expected that the project will create approximately $32 million in tax revenues over the
next 30 years and the creation of 150 new jobs..
The following is a brief update on the Hotel/Conference Center project;
Construction is on schedule to assure that it is open for business by year end, 1997.
Hilton has been named as the major operator for the facility.
The hotel has been upgraded from a 200 to 250 room facility.
The facility will be positioned to serve as a full service hotel.
The Hotel/Conference center will introduce a high standard of amenity in its site layout,
Physical design, and operation.
A Newhall Development Staff person is available this evening to make a verbal report on the
Hotel Conference/Conference center project and its progress.
1. City staff recommend that the City Council receive and file this report for information
purposes.
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