On March 10, 2015, the City Council will be conducting a study session on the Menlo Gateway project. The study session will provide an opportunity to learn about the new hotel and the project review process.
The hotel/health club component of the project has been revised as follows:
- An increase in the number of hotel rooms from 230 to 250 plus a corresponding increase in projected annual transient occupancy tax (TOT) in 2020 of approximately $1.1 million from $2.2 million to $3.3 million;
- An increase in the square footage of the hotel of approximately 20,000 from 173,000 to 193,000;
- A decrease in the square footage of the health and fitness component of approximately 29,000 from 69,000 to 40,000; and
- A net decrease in square footage of approximately 9,000.