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ChatGPTClaudePerplexity· Related development
TIRZ #1 board approves a 10-year rebate and $900,000 grant for a downtown Hampton Inn, 5-0-1
Rillo Investments, LLC proposed a five-story, 122-room Hampton Inn and Suites near SE 10th Ave. and S. Buchanan St., an initial investment of about $28.6 million, and asked for 100% property tax rebates for 10 years and a $900,000 grant for infrastructure, façade improvements, environmental remediation and demolition. The board approved the request as presented, subject to final approval by the City's Legal Department, with five votes for and Tom Warren II abstaining. It also approved a $50,000 streetscape grant to the Amarillo Area Foundation for a parking lot project at SE 10th Ave. and S. Taylor St., 7-0.[1]
What the sources say
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The item heading reads "Rill0 Investments, LLC" and the text "Rillo Investments." Asked about old fuel tanks, the developer's representatives said it was unknown what was underground at the site. Dr. David Woodburn moved approval as presented, subject to final approval by the City's Legal Department; Marcus Hardcastle seconded; it passed with five votes for and Tom Warren II abstaining. Gary Pitner moved and Woodburn seconded the $50,000 Amarillo Area Foundation grant (for a project of about $128,125), which passed 7-0. No source read gives a City Council vote on either agreement. [1]
