Namely, what kind of hotel will be built next to the tax-funded Wilmington convention center. WWAY has the details:
The Wilmington River Group had until Tuesday to provide a million dollars in financial security in the form of a bond or letter of credit. The money would show the developer had the ability to open the hotel doors within three months of the convention center opening.
But as of Tuesday morning, council still had not received the letter.
If the Wilmington River Group delivers the credit security to council before it’s meeting Tuesday night, it is still up to the city to decide if they want the Hotel Indigo.
The choice of hotel brand is the least of this project’s problems, as the Brooking Institution’s Heywood Sanders has explained:
The overall convention marketplace is declining in a manner that suggests that a recovery or turnaround is unlikely to yield much increased business for any given community, contrary to repeated industry projections. Moreover this decline began prior to the disruptions of 9-11 and is exacerbated by advances in communications technology. Currently, overall attendance at the 200 largest tradeshow events languishes at 1993 levels.
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