SCR 004 Relating to the construction of a hotel/convention center complex in Columbia
LR Number:1303L.01I Fiscal Note:1303-01
Committee:Rules, Joint Rules and Resolutions
Last Action:05/16/03 - S Resolutions Calendar Journal page:
Effective Date:
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Current Bill Summary

SCR 4 - This resolution would allow the Curators of the University of Missouri to ask for a request for proposals (RFP) from private hotel developers to construct and operate a hotel and convention center on University property under a 50-year lease agreement. The hotel would not be operated by the University and would pay personal and real property taxes. Proceeds of the lease would be used to partially fund an adjacent performing arts center financed exclusively by private contributions. If proposals do not meet the expectations of the Curators, the project will be cancelled.