(KMOV) – Alton residents are against the city using taxes for the construction of a new hotel, but the city says, at this point, they aren't planning to.
“This is millions and millions of dollars,” said one resident, Monica Mason. “I mean this is a lot of money.”
The city has been pushing for the construction of the hotel and a convention center for 20 years, but many residents are still wary of the idea.
“The only thing close to a revision or update was a study done in 2009 regarding the project which recommended against the project,” Mason said. “But the city is disregarding this recommendation.”
However, Mayor Brant Walker says the developer did come with money and they are looking at other possibilities of raising money for the project.
“Either incremental tax credit or other sources of income (are being considered),” Brant said. “At this point, no tax payer money (is) tied up in the actual building of the hotel.”
Brant also said the plans are still in the beginning phases. There are more studies that need to be done before a solid deal is made.