WILMINGTON, NC (WWAY) -- The City of Wilmington says proposed purchase/development and parking agreements for the convention center hotel will not be finalized in time for consideration at Tuesday's as had been expected.
In a news release the city says most of the key provisions for both the land sale and development agreement for the privately-owned construction of a convention center hotel and the agreement for the use of the adjacent public parking deck have been finalized. The delay is due to a few legal details still being worked out between the city and developer Harmony Hospitality, Inc.
The city had expected to hold a public hearing on both items, along with a vote by City Council, at Tuesday's meeting.
"This is an important economic development project and must be done in a way that protects the best interests of our citizens and our community," Wilmington City Manager Sterling Cheatham said in a statement. "It's more important to get these agreements done right than it is to rush them through. The city is working very collaboratively with Harmony and we look forward to coming to resolution as soon as possible."
The city and Harmony have been working on both agreements for months. They are among the last items to be approved by City Council before Harmony begins construction on the $33 million hotel, which is expected to begin early next year.
Harmony has received franchise approval to build a 186-room Embassy Suites that includes meeting space, a full service restaurant with room service and pool.