- Associated Press - Friday, February 12, 2016

LAWRENCE, Kan. (AP) - A dispute between Lawrence and developers of an upscale hotel located near the University of Kansas campus has escalated.

The Lawrence Journal-World (https://bit.ly/1PriPWf ) reports that city and developers of The Oread hotel slapped each other with notices of default Thursday on their redevelopment agreement.

The city says the Oread Inn isn’t cooperating, and Oread Inn says the city is withholding tax reimbursements.

At stake is $8 million. That’s the amount Oread Inn could still generate in city reimbursements if the redevelopment agreement were to stand. Since its creation in 2008, the agreement has brought in $3 million for developers.

Issues arose when an audit found that sales tax data within a special taxing district was inflated, leading to tax rebate overpayments. The Oread Inn has repaid about $500,000.

___

Information from: Lawrence (Kan.) Journal-World, https://www.ljworld.com

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.

 

Click to Read More

Click to Hide