Collaboration and partnership were common themes from leaders around Frederick County on Wednesday as they celebrated the approval of the 2017 State Capital Budget, which includes funding for the Downtown Frederick Hotel and Conference Center.
Officials said the hotel is a critical economic development project and with the approved funding, they can move forward with the next phase of the project.
“We got $16 million from the state that will go towards the conference center. When the hotel conference center is finished, it will produce $1.5 million a year in state taxes,” said District 3 State Sen. Ron Young.
The 2017 State Capital Budget provided $1 million to the city of Frederick for planning costs and two pre-authorized grants for roughly $7.5 million each for the 2018 and 2019 fiscal years.
As far as the next phase of the project, officials said the first $1 million of approved funding will start the designing process.
“Before you go to construction, you have to design this thing and that means going through a lot of steps. The Historic Planning Commission, our Planning Commission, the Maryland Historic Trust – there are a lot of different organizations that have to sign off on the design,” said Richard Griffin, director of economic development.
Officials said the state funding will be used for the Public Project Cost, which includes land, parking and meeting space.
Officials also said that no general city or county taxpayer dollars will be used to fund the roughly $80 million project.