Hotel developer Kenny Bhakta on Friday cleared a hurdle to securing more time to complete the third of three hotels he is placing in East Waco, but at least one Tax Increment Financing board member is growing weary of granting extensions.
The TIF Zone 1 board voted to recommend the Waco City Council give Bhakta until Dec. 31 to complete his Holiday Inn Express at Taylor Street and Martin Luther King Jr. Boulevard and still qualify for the hotel’s $780,000 TIF grant….
Read further.
#hotel #hoteltrade #hotelnews