Comments on: North Gate Park downsized, groundbreaking expected soon http://rethinkcollegepark.net/blog/2006/110/ Helping imagine a great college town for a great university Fri, 25 Jan 2013 04:03:38 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: Hilton Hotel, 12-Story Condo Project Presented to the City Council at Rethink College Park http://rethinkcollegepark.net/blog/2006/110/comment-page-1/#comment-1437 Hilton Hotel, 12-Story Condo Project Presented to the City Council at Rethink College Park Wed, 06 Dec 2006 04:53:18 +0000 http://rethinkcollegepark.net/blog/2006/110/#comment-1437 [...] Citing the tremendous cost he’s incurred so far ($3 million for the ground and $5 million for leases) Vogel insisted that Tax Increment Financing (TIF) was essential to the economic feasibility of the project. The hotel would require a 3-way land swap which would take about 1.5 acres from the adjacent and soon to be constructed North Gate Park. He also stated that UMD has signed an agreement whereby if the hotel was built, the University would not construct a competing facility on East Campus or M-Square. Vogel felt he could break ground in 6 months if he got the go ahead and also that the project is a personal “leap of faith”. [...] [...] Citing the tremendous cost he’s incurred so far ($3 million for the ground and $5 million for leases) Vogel insisted that Tax Increment Financing (TIF) was essential to the economic feasibility of the project. The hotel would require a 3-way land swap which would take about 1.5 acres from the adjacent and soon to be constructed North Gate Park. He also stated that UMD has signed an agreement whereby if the hotel was built, the University would not construct a competing facility on East Campus or M-Square. Vogel felt he could break ground in 6 months if he got the go ahead and also that the project is a personal “leap of faith”. [...]

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]]> By: David Daddio http://rethinkcollegepark.net/blog/2006/110/comment-page-1/#comment-68 David Daddio Tue, 26 Sep 2006 14:44:01 +0000 http://rethinkcollegepark.net/blog/2006/110/#comment-68 Rob- I mentioned the undergraduate design competition within the story, but once I get ahold of the full pdf about the effort I'll be sure to update it so everyone can see the full scope of the effort. Rob- I mentioned the undergraduate design competition within the story, but once I get ahold of the full pdf about the effort I’ll be sure to update it so everyone can see the full scope of the effort.

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]]> By: Rob Goodspeed http://rethinkcollegepark.net/blog/2006/110/comment-page-1/#comment-67 Rob Goodspeed Tue, 26 Sep 2006 13:35:54 +0000 http://rethinkcollegepark.net/blog/2006/110/#comment-67 David - where does the student idealism come in? Was the project the product of student's ideas? David – where does the student idealism come in? Was the project the product of student’s ideas?

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