City leaders were notified a hotel chain wanted to move to the area, but the chain wanted to see if there would be any economic growth near the proposed hotel site.
Councilman Tim Thomas says a tax allocation district or "TAD" would help show the city is committed to improving the area near the proposed site.
"We’ve got very strong interest in this area and putting that TAD in is the first thing they want to see. They want to know what kind of development plan we have in that area which we are working on now so I think as far as getting a hotel/conference center in the TAD, we’re as close as we’ve ever been," Thomas says.
If the taxes go up in the 234-acre proposed district near Armed Force Boulevard, the money then goes to an account that can be used for redevelopment in the area.
Thomas says he’s aiming to have a "TAD" in place by the end of November.