MONTPELIER, Vt. (AP) - Residents in Montpelier, Vermont, will determine if a proposed hotel and garage development project is too expensive for the city on Election Day.
The Times Argus reports voters will vote on a $10.5 million bond to pay for the garage Tuesday. In 1993, the Bashara family bought the property. They are seeking to build a $15 million, five-story hotel along with the parking garage in Montpelier.
Residents like Laura Rose say the project is too expensive because of the millions it will cost to clean up contaminated soil at the site.
City Manager Bill Fraser estimates the Hampton Inn will bring in nearly $150,000 annually in tax revenue. Fraser says the Bashara family will lease 200 garage spaces to help offset the cost of the project.
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Information from: The Times Argus, http://www.timesargus.com/
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