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Review committee recommends $6.2 million in TIF funding for convention center

Stillwater News Press

By Michelle Charles

For years, city leaders and local event marketers have said Stillwater needs a convention center to compete with similar communities for a greater share of visitor spending. Different possibilities have been presented over time, but none have gotten beyond the talking stage.

That possibility could finally become a reality if a development group formed by a local family secures enough financing, including financial assistance from a Tax Increment Financing fund established by the City of Stillwater.

HK Development Group is a company founded by former Cowboy Mall convenience store owner Hamid Khoshroo and his family. It proposes building a 20,000-square-foot convention center with a parking garage that is attached to a 120-room hotel.

Although the hotel brand hasn’t been listed because the deal hasn’t been finalized, HK assures that it’s a national brand well-known to business travelers.

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You can read original article here.


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