GAINESVILLE, Fla. (WCJB) -- The Gainesville City Commission will be discussing proposals to sell City Parking Lot 10 to private developers to build a hotel Thursday afternoon.
The commission is in negotiations with EDA Incorporated and Concept Construction Incorporated.
EDA is offering $2,400,000 for the lot, while Concept Construction is offering $750,000.
The development would create a 120 to 140 room hotel with two restaurants and meeting areas.
The cost of the project is estimated to be $26,000,000.
The meeting will take place at 1:30pm at the City Hall Auditorium.