The facilities district aims to greenlight a project in order to cash in on a 33-cent sales tax rebate on every $1,000 the state collects. This rebate initiative requires the district to come up with a $10 million project, provide at least $3.33 million in local matching funds and break ground by Jan. 1, 2003.
Throwing their hats into the ring this week were the City of Bremerton, the Kitsap County Parks and Recreation Department, McCormick Land Co. and the Silverdale Chamber of Commerce.
Bremerton intends to construct a conference center for as many as 250 people along with a privately-funded waterfront hotel with 100 rooms and 75 condominiums. Silverdale wants to build a similar waterfront conference center adjacent to the West Coast Silverdale Hotel. McCormick Land Co. is proposing a conference center nearly double the size of the Bremerton and Silverdale projects, along with a hotel at McCormick Woods in Port Orchard.
The county's parks and recreation department plans call for renovations to Thunderbird Stadium, the Kitsap Pavilion and Presidents Hall.
District officials will hear public presentations of each plan next week and are scheduled to give a thumbs up to one group in early September.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
