In March, we told you about plans to build a $10 million, 4,400-seat domed, $1.5 million, 10-story residential and condo complex on the city’s south side.
Today, we’ve learned that developer Chris Leibich is working on a $15 million, 1,100-room hotel-casino complex on a site that’s been in the works for almost a decade.
This week, it was reported that a hotel planned for the site could be complete by the end of the year.
And it’s the latest development in the long-running saga of Phoenix’s redevelopment, which has spanned more than a decade and a half.
The development is part of a plan by the Phoenix Convention and Visitors Bureau to rezone the city for a “green” development.
But what exactly that means is unclear.
While the hotel is an “innovation” that will generate revenue for the city, there’s no guarantee the hotel will draw guests.
That’s because the hotel and casino are part of an expanded convention center on the south side, a $4.7 billion project that will include a hotel, convention center and several condominium towers.
The Phoenix Convention & Visitors Bureau also has plans to redevelop the site as a convention center.
But the city is moving ahead with the hotel, casino and convention center without any of the other options being considered, including affordable housing or transit-oriented development.
For the hotel’s developer, the project could be a win-win situation for the residents and visitors.
“There’s nothing wrong with bringing in the hotel,” said Chris Leiberich.
“It’s going to create a tremendous amount of new jobs and create a significant amount of tax revenue.
I’m really excited about the hotel because it will be a very positive thing for Phoenix and it’s going a long way to help the city and the economy.”
The project also has a good chance of winning over residents.
According to a new poll conducted by the Greater Phoenix Development Authority, 72 percent of the population supports the hotel development.
And the hotel isn’t the only one in town with a potential new location.
The MGM Grand Hotel in downtown Phoenix is also on the chopping block, and developers have already begun to talk about building a convention hall there.
But for the most part, the development of the Phoenix convention center is going to have to wait for the rest of the project to be complete.
For now, the only way the hotel can be built is to secure tax credits and a state lease from the state.
For a city that’s already seeing a dramatic drop in tourism, that’s not good news.
The city also has to decide whether to expand the hotel or the convention center, and that’s a tough decision for the community to make.
This is a developing story.
Check back for updates.