Proposed Newark Hotel Would Generate Revenue For The City

The Newark City Council is set to vote on a proposed seven-story hotel/office building Monday night.

If approved, the project would generate tax dollars for the city via the new 3 percent lodging tax on hotels.

The proposal Lang Development Group wants the council to consider is a new building that will contain 144 hotel rooms, 19,500 sf of office space, a parking garage, and a restaurant.

The project also takes into consideration the protected status of the Green Mansion and has incorporated the home into the design.

The office space, the hotel lobby, and the restaurant would take up the first three floors and hotel rooms would take up the remaining four floors. A swimming pool would sit atop the parking garage behind the building.

Although the project would remove more than 70 parking spaces from a city parking lot, the new parking garage would include 244 parking spaces, some of which will be available to the public depending on hotel occupancy.

While it’s unclear if the revenue generated by the lodging tax would make up for the city’s lost parking revenue,  something that will likely be discussed at Monday night’s council meeting, but the economic boon to Main Street could be significant.

Unanimously approved in October of 2018, the new lodging tax on hotels took effect last December.

The meeting starts at 7:00 p.m. at city hall, 220 S. Main Street.

 


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First State Update's Delaware editorial team covers New Castle County, Kent County and Sussex County breaking news, political news, and general news stories. We bring the reader the latest news from the Wilmington, Newark, Dover, Rehoboth Beach and all point in between. If you have news to share, email us at desk@firststateupdate.com.

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