The Broadway Hotel in Columbia is moving forward with plans to build a second tower after the city council voted to approve $2 million in tax increment financing during last night’s meeting.
This means the hotel will get a property tax break, allowing the owner to put 2 million dollars toward building a second tower for the hotel.
The financing was approved in a 5-2 vote with Mayor Brian Treece and Fourth Ward Councilmember Ian Thomas voting in opposition.
Third Ward Councilmember Karl Skala says he was originally going to vote no on the project.