- Associated Press - Tuesday, July 8, 2014

CORVALLIS, Ore. (AP) - The Corvallis City Council voted Monday night against investing in a downtown hotel and parking garage.

The Corvallis Gazette-Times reports (https://bit.ly/1naQVkq ) the vote effectively scuttles the $23 million project. Developers sought $4 million in public funding that would have given the city a majority interest in the garage.

The proposal was endorsed by downtown businesses who said it would boost the local economy.

Council members said they would be happy to see a hotel and parking garage built on the riverfront, but they split over whether the city should invest public money in the deal.

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Information from: Gazette-Times, https://www.gtconnect.com


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