SIOUX FALLS, S.D. (AP) - The Sioux Falls City Council has approved a $50 million project to build a hotel, commercial space and attached parking garage in the city’s downtown.
The council voted 6-1 Tuesday in favor of a mixed use parking ramp facility for downtown, the Argus Leader reported . The development, named Village on the River, will include more than 500 parking spaces attached to a 120-room hotel and commercial space.
Supporters of the project said it would address a parking shortage downtown and bring in more development and sales tax revenue.
“This is a historic $50 million investment in our downtown,” said Daren Ketcham, Sioux Falls Community Development Director. “Our team is committed to delivering this project in the highest and most ethical manner possible.”
Critics question the city’s decision to work with Legacy Developments, a firm connected to a building collapse in 2016 that led to the death of one person.
“Make sure corners aren’t cut, rules aren’t bent and things aren’t overlooked,” said Dan Fritz, an attorney for a family injured in the collapse.
Legacy Developments will pay $1 million for the rights to build on city land.
The council also approved a $16.5 million bonding package that will finance the public portion of the project.
The city and Legacy Developments are expected to break ground on the facility this spring.
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Information from: Argus Leader, http://www.argusleader.com
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