Again, the recommendation wasn't a full feasibility study, it was a market study to analyze the feasibility of a convention center hotel downtown.
http://newsok.com/article/3915573Texas consultant Jeremy Stone, hired by The Alliance for the Economic Development of Oklahoma City, told the council his research shows the city can support a 735-room, $200 million conference hotel as part of development of a $250 million convention center south of the Myriad Gardens.
http://www.okctalk.com/images/pete/cchotelstudy.pdf
We'll get no less than a 600 room convention center hotel.
IMO, they should have hired a consultant to do a full feasibility study (with five year projections) to look at financing & projections for the 735 rooms suggested by Jeremy Stone.
Wouldn't be surprised if Omni doesn't attempt to add a resident piece to the convention center hotel as they did with Louisville.
If the city could come up with $90 - $100 million in subsidies, anything is possible--let's see if we can secure the $85.4 million first. Biggest drawback at this point is the badly needed parking garage to support the convention center & hotel.
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