Support for Regency Hotel funding expressed at public hearing

Tuesday, January 4, 2011 | 8:27 p.m. CST; updated 9:16 a.m. CST, Wednesday, January 5, 2011

* Nick Peckham is a downtown building owner. A previous version of this story misspelled his last name and misidentified his first name.

COLUMBIA — Overwhelming support was expressed Tuesday night for the Regency Hotel to be approved for tax increment financing. The only opposition communicated was in a letter, which was not read aloud during the public hearing held by the Tax Increment Financing Commission.

Downtown business owners and Columbia businessmen and women talked about the need for a more appealing hotel downtown and how replacing the Regency will bring more economic development.

The Regency developer, Dave Parmley of Broadway Lodging LLC, is requesting TIF funding of $3.2 million, according to previous Missourian reporting. The total budget for the project is estimated at $17.5 million.

"My endorsement of this project is overwhelming," Blue Note and Mojo's owner Richard King said during the public comments section of the meeting. "One of the most common questions I get from tour managers, booking agents and all kinds of folks is, 'This is a great town, but why don’t you have a hotel downtown?'”

*Nick Peckham, a downtown building owner, talked about the economic benefits. 

"This kind of development will be a benefit to businesses and real estate," Peckham said.

Formal letters of approval were submitted by the Missouri Department of Revenue, Columbia Chamber of Commerce and the Downtown Columbia Leadership Council. One Columbia resident, John Patrick Barnes, wrote a letter to the commission expressing his dissent to the plan.

"No power or pressure groups have formed to support this ill-conceived proposal, and there is no notable local interest in this project," Barnes said in his letter.

The Columbia Public School Board, which voted against TIF funding for the Tiger Hotel in 2009, has not taken a final vote on the Regency and has no official comment, Tom Rose, school district representative for the commission, said.

After David Parmley spoke, the commission clarified with him that his current building plans did not include a parking garage to be built to serve the hotel. Commission member Steve Erdel said there is "adequate parking" currently serving the hotel, and it should suffice for the new building.

Parmley said the city would need to purchase the land if a garage were to be built.

The commission will meet on January 14 at 5 p.m. to address the resolution for the funding plan.

Like what you see here? Become a member.

Show Me the Errors (What's this?)

Report corrections or additions here. Leave comments below here.

You must be logged in to participate in the Show Me the Errors contest.


Greg Rennier January 4, 2011 | 9:15 p.m.

Not another TIF. Just because there isn't an opposition doesn't mean it's a good idea. Just that people are TIRED of fighting these things on a continual basis. Who wants to fight city hall when the return per person is small vs. the downtown which wins big per business. If it's such a great deal, then let downtown fund it.

(Report Comment)

Leave a comment

Speak up and join the conversation! Make sure to follow the guidelines outlined below and register with our site. You must be logged in to comment. (Our full comment policy is here.)

  • Don't use obscene, profane or vulgar language.
  • Don't use language that makes personal attacks on fellow commenters or discriminates based on race, religion, gender or ethnicity.
  • Use your real first and last name when registering on the website. It will be published with every comment. (Read why we ask for that here.)
  • Don’t solicit or promote businesses.

We are not able to monitor every comment that comes through. If you see something objectionable, please click the "Report comment" link.

You must be logged in to comment.

Forget your password?

Don't have an account? Register here.