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POSSIBLE GROWTH IN MARINA - 12/18/13 10:35 S.S.

THE MARINA  CITY  COUNCIL  IS  REVIEWING  ONE  OF  THE  3  MAJOR  PROJECT  PROPOSALS  FOR  THE  FORMER  FORT  ORD  LAND  THAT  IS  PART  OF THE  DUNE DEVELOPMENT.   THIS  PROJECT  IS  A  1  MILLION DOLLAR HOTEL.   THE  CITY  IS  CONSIDERING  INCENTIVES  THAT  INCLUDE  WAIVING  THE  UP-FRONT FEES  (AND  SETTING-UP THE  FEE  STRUCTURE,   SO  THAT  THE  FEES  WOULD  BE  PAID  AFTER  THE  HOTEL  IS  ACTUALLY  BUILT).

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