RALEIGH, N.C. — Plans to improve downtown Raleigh have been talked about for months, but on Tuesday, those plans were finalized by the City Council.
With just a few minor changes, the city council gave the go-ahead to a design plan that will open
Fayetteville Street Mall
to traffic. The next step is to find a way to pay the $9 million cost for the project.
The Raleigh City Council also voted to give an initial green light to Stormont Noble Development out of Atlanta to build a Marriot hotel in the downtown area. The hotel will include 400 guest rooms, including 15 suites, an 9,000 square-foot grand ballroom, 400 square feet of retail space and a pool and fitness spa.
Officials said the project will be tied to a new downtown convention center.
"We are going to want to be in Raleigh and Wake County for a very long time," said Mitesh Shah of Stormont Noble Development. "This is not a situation where you develop a hotel, shake your hand, say 'thank you very much' and leave and flip this hotel."
On Tuesday, city leaders and county commissioners entered into a formal agreement to use $200 million in hotel and food tax to pay for some of the proposed convention center and hotel.
Previous Stories About Fayetteville Street Mall:
Fayetteville Street Mall Plans Move Forward
Raleigh Unveils Plan For Fayetteville Street Mall
Raleigh Officials Have Plan To Pay For Fayetteville Street Mall Project
Critics Concerned About Conflict Of Interest With Downtown Raleigh Projects
Plans To Revitalize Fayetteville Street Mall Remain On Track
Will Businesses Head Downtown If Raleigh Officials Reopen Fayetteville Street?
Plans To Re-Open 'Fayetteville Street' Mall Gain Momentum
Raleigh's City Market Suffering Effects Of Slow Economy
Raleigh Group To Present Plans For Pedestrian Mall Changes