News Flash Home
The original item was published from 4/29/2014 11:16:20 AM to 5/10/2014 12:05:01 AM.

News Flash

Frederick News

Posted on: April 29, 2014

[ARCHIVED] City Receives Smart Growth Impact Fund Award for Downtown Hotel Project

Mayor Randy McClement traveled to Baltimore yesterday for Governor O’Malley’s announcement of the State’s Strategic Demolition and Smart Growth Impact Fund awards.

CONTACT: Susan Harding, Public Information Officer, 301-600-1385
FOR IMMEDIATE RELEASE: Tuesday, April 29, 2014


CITY RECEIVES SMART GROWTH IMPACT FUND AWARD FOR DOWNTOWN HOTEL PROJECT

Frederick, MD -- Mayor Randy McClement traveled to Baltimore yesterday for Governor O’Malley’s announcement of the State’s Strategic Demolition and Smart Growth Impact Fund awards. Mayor McClement joined Baltimore City Mayor Stephanie Rawlings-Blake, Maryland Department of Housing and Community Development Deputy Secretary Clarence J. Snuggs, and other local officials at the site of the former Old Town Mall in Baltimore as Governor O’Malley announced the projects benefitting from Impact Fund assistance.

The City of Frederick, will receive a total of $350,000 in Smart Growth Impact Funds for costs associated with the proposed Downtown Frederick Hotel & Meeting Space Project. Funds will be allocated for land acquisitions, design, and infrastructure costs associated with the development of a 200 room, full-service hotel with 15,000-20,000 square feet of meeting space, to be constructed in downtown Frederick.

Mayor McClement addressed the crowd as the current President of the Maryland Mayor’s Association. “These funds help not only The City of Frederick, but other cities across the State.”

Regarding the award for Frederick, Mayor McClement said, “We are thrilled to receive this assistance from the Governor’s Smart Growth Impact Fund. This award reinforces the State’s support of the Downtown Hotel Project, and the positive economic impact it will have on the City and the State.”
The Downtown Hotel Project, chaired by local businessman Earl Robbins, is a Public/Private Partnership initiated by the Chamber of Commerce and the local business community and remains a top priority of Mayor McClement’s Administration.

In 2009, a group of community partners and the Major Employers Group of the Frederick County Chamber of Commerce identified a critical need for a downtown hotel and conference center. A feasibility study, conducted in 2010 concluded, “The long-term prospects for the Frederick area are strong and the economy and local lodging market is poised for growth due to the expansion of Fort Detrick, new development of office, retail, and residential space, as well as general employment and population growth.”

A $30 million annual economic impact from jobs and tax revenue is projected from the project as well as an indirect annual impact of approximately $60 million.

For more information on the Downtown Hotel Project, contact The City of Frederick Economic Development Department at 301.600.6360 or visit Downtown Hotel Project.

In addition to the award for Frederick, 12 other projects throughout the state will receive $5 million in assistance from the Impact Fund. These funds are projected to leverage an additional $292 million in public and private investments to support revitalization activities.

Established in 2012, the Strategic Demolition and Smart Growth Impact Fund program is part of the state’s PlanMaryland strategy to accelerate economic revitalization of designated Sustainable Communities through coordinated investment and alignment of public resources to leverage private investment. The program provides grants and loans to local governments and nonprofit community development organizations working in conjunction with private entities to fund capital costs for redevelopment opportunities.

• http://govpics.maryland.gov/ - Additional photos of April 28th SGIF Awards Event will be posted.

#

The Maryland Department of Housing and Community Development works with partners to finance housing opportunities and revitalize great places for Maryland citizens to live, work and prosper. To learn more about DHCD programs, log on http://www.mdhousing.org.

• FY13 SGIF Funding Projects.pdf


--30--
www.cityoffrederick.com

Downtown Hotel Project
Facebook Twitter Email

Other News in Frederick News

3P9A2144

Mayor O’Connor appoints City Attorney

Posted on: December 27, 2022
FREDERICK_MAIN_LOGO_SEAL_MD_BLUE

Holiday Closures | City of Frederick

Posted on: December 22, 2022
FREDERICK_MAIN_LOGO_SEAL_MD_BLUE

Mayor O'Connor to call for closed session

Posted on: December 12, 2022
Donald Myers

FPD makes arrest in Weapons Complaint

Posted on: September 11, 2022

HPC public hearing canceled

Posted on: September 7, 2022

Independence Day service changes

Posted on: June 29, 2022

City to issue taxicab permits

Posted on: April 29, 2022
Water Report Ad-COF Updated 4-26-22

2021 City Water Report now available

Posted on: April 29, 2022
freecycle 2

Spring Freecycle event this Saturday

Posted on: April 11, 2022
FREDERICK_MAIN_LOGO_SEAL_MD_BLUE

HPC to hold site visits

Posted on: March 21, 2022

Sewer work to impact roads March 8-9

Posted on: March 7, 2022
FREDERICK_MAIN_LOGO_SEAL_MD_BLUE

Mayor O'Connor requests closed session

Posted on: February 14, 2022

Watershed Gate Closure

Posted on: September 20, 2021

Reminders Regarding 2021 City Elections

Posted on: September 9, 2021

Heavy Rains Exceed Stormwater Capacity

Posted on: September 2, 2021

Thomas Pool to be Closed Saturday, 8/28

Posted on: August 27, 2021

July 2021 Events Update

Posted on: July 1, 2021

Update on City Pool Operations

Posted on: June 4, 2021

June 2021 Events Update

Posted on: May 28, 2021

Water Main Break - Fairview Avenue

Posted on: April 28, 2021

City to Issue Taxicab Permits

Posted on: April 27, 2021

Water Main Break - Opossumtown Pike

Posted on: March 31, 2021

TRAFFIC ADVISORY: Dec. 14, Santa Fun Run

Posted on: December 5, 2019