Lima City Council Passes Tax Abatement Legislation for New Multi-Million Dollar Hotel

LIMA, OH (WLIO)- Lima City Council held a regular meeting on Monday Night and approved legislation that is part of a new multi-million dollar hotel project in Lima.

Lima City Council Passes Tax Abatement Legislation for New Multi-Million Dollar Hotel

Council approved the construction of a "Home2 Suites" extended-stay hotel located at South Leonard Avenue in Lima through the support of a 15-year property tax abatement of 50% for the City of Lima, Perry Local Schools, and the Apollo Career Center. The estimated construction cost of the hotel is approximately $8.4 million with a tentative construction start date of April 1st, 2023, and completion date of October 31st, 2024. With the help of this tax abatement, city officials are optimistic about the community benefits of this project.

Lima City Council Passes Tax Abatement Legislation for New Multi-Million Dollar Hotel

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Hello! My name is Conner Prince, and I am a Weekend Meteorologist/MMJ here at Your Hometown Stations! You can follow me on Meteorologist Conner Prince Facebook Page or email me at Cprince@wlio.com!