The Redevelopment Commission unanimously approved the walkway plans that will connect the Courtyard by Marriott with the Grand Wayne Center. This walkway will be an indirect connection that will span from the new hotel to the Indiana hotel and then attach to the existing Embassy walkway.
The cost of this project will be $1.85 Million. The Goldstein Foundation will generously supply $550k of that amount, $1 million was already budgeted and the other $350k will come from either the interest on the HS bond or the proceeds from the land sold to Barry Real Estate for the condominium development - both these options were unallocated in the HS budget. The Redevelopment Commission will be responsible for the maintenance and utility cost for this walkway which Steve Brody estimated between $6-7k/year.
The commission has broken the project into two parts - the first benefits the hotel developer and the 2nd benefits the Embassy and the Indiana Hotel. The first part includes the walkway, pedestrian corridor, stairway connecting the corridor and existing walkway and a lift for accessibility (~$1 Million). The second part includes a storage area, new elevator shaft (on the west side of the embassy), constructing a stairwell and installation of an elevator (~$850k).
Greg Leatherman saw this as a "win-win" that would satisfy the hotel developer's needs and bring the Indiana Hotel that much closer to redevelopment. Leatherman said he wasn't sure if this would interest the hotel developers enough in the Indiana Hotel for them to redevelop the site but others were interested.
The agreement still needs the approval of the Historical Preservation Board which meets in the Omni Room tonight at 5:30pm but Brody expected the board to approve the plans and that they would be executed tomorrow.
As usual, readers should check out DFWB for the actual drawings and documentation which should be posted shortly...