Oceanside considers hotel proposal for waterfront property
Wednesday, August 16, 2006
Oceanside's redevelopment director Jane McVey says the project is too important to the city to balk at a cost increase, even though the city's subsidy will balloon by many millions of dollars.
McVey: "The council agreed to 9.9 and here we are and the number is now 27 but construction costs have gone up and the project is bigger, so the time is right, Oceanside has matured, the market is there."
Mcvey says the new Sprinter line and the Coaster will make Oceanside a hub, and the city can no longer afford to leave its prime pier-front property vacant.
Previous plans for a hotel fell through when developer Doug Manchester proposed a 14 story high building that the Coastal Commission rejected. The proposal this time is eight stories, and the increased subsidy from the city is partly designed to prevent the hotel from growing any higher. Alison St John, KPBS News.
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