Jefferson City Council to vote on conference center developer
https://www.newstribune.com/news/2024/feb/18/council-to-vote-on-conference-center-developer/The Jefferson City Council will vote Tuesday on whether to accept Garfield Public/Private (GPP) LLC as the lead development partner for the proposed downtown conference center, hotel and parking garage project. The Jefferson City Regional Economic Partnership (JCREP) recommended the development firm earlier this month, first bringing to the Council Committee on Administration and then to the City Council on the same day.
City leaders announced plans on Halloween to convert the 200 block of East Capitol Avenue into what JCREP stated in its recommendation letter will be a "state-of-the-art" conference center, hotel and parking structure for Jefferson City.
The rough plans -- subject to change as the project progresses, according to JCREP project engineer Paul Samson -- include a 36,000-square-foot conference center, a hotel with at least 150 rooms, a connected parking facility with at least 750 parking spots and, if possible, retail, restaurant or offices at street level along Madison Street and East Capitol Avenue. To make room, the city will demolish the Jefferson City News Tribune building -- officially purchased in November -- and the deteriorating Madison Street parking garage. JCREP's rough draft also includes a restaurant, rooftop bar, fitness center, courtyard and a pool in the hotel and kitchen spaces in the conference center, according to a memorandum from Baker Tilly, JCREP's consultant firm.
The goal is to complete the project by the end of 2026.
Baker Tilly identified two main sources of public funds to finance the project: the city's 4 percent lodging tax with a balance of about $8.6 million and the city's parking enterprise funds with about $4 million set aside for a parking facility.
Parking Company of America also submitted qualifications for lead developer of the project; JCREP recommended GPP based on the difference in financing plans from each company.
"(Baker Tilly) believes that Garfield is the more qualified development team given its experience executing comparable projects. While the cost and risk differs from what was contemplated ... Garfield presented the more cohesive financing plan," reads Baker Tilly's memorandum.




