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.
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