Developer K.C. Chiang and his partners will learn Tuesday whether the City Council will allow him the tax breaks he needs to finance plans for a 500-room Gulf-front hotel and convention center.
Two weeks ago, the council unanimously approved designs for Wyndham & Winfield Resort Hotel and Convention Center, which call for a pair of towers — one 17 stories, another 18 — convention space for 1,200, a theater, two restaurants, a 20-lane bowling alley and a 6,000-square-foot spa.
And elected officials have indicated they will also approve a tax abatement deal for Chiang to make it happen at their Tuesday meeting. That agreement will allow the developer to recoup half the sales and lodgings taxes generated at the resort for 30 years as well as levy additional taxes of up to 4 percent on the property