The conference center's construction would be financed by urban-renewal funds. The issue of ongoing funding had some citizens demanding a public vote on the project, especially since the city is currently facing a $5.9 million budget shortfall.

Having already held the property for more than a year, VIP pledged $100,000 per year for the first three years and $300,000 after that to cover estimated operating losses on the conference center and quell council members' concerns.

The City Council's hope is that the conference center and hotel will help revitalize Downtown Salem, which is home to the state's capital. Their hope stems from a team of consultants who found evidence that such a project would give a boost to the area. They found that evidence, in part, in Eugene, Ore., where the development of a Downtown conference center, parking structure and performing arts center now helps support dozens of nearby retailers and eateries.