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564 <br /> <br /> Commissioner Mills questioned the possibility of the City using bond funds <br />for the construction of the facility. Mayor Liles stated bonds were not a <br />feasible alternative at this time. <br /> <br /> Mr. Terry Harwood, Senior Executive for Marriott, described the facility <br />proposed at King's Grant. There would be 300 hotel rooms, dedicated meeting <br />space, ballroom, restaurant, lounge and other amenities. Marriott would create <br />425 Jobs, focus marketing efforts on the Concord area and be actively involved <br />in the community. Stating that he had been searching for a location in the <br />greater Charlotte area for five years, Mr. Harwood advised that as incentive <br />package would be necessary to bring the facility to Concord. <br /> <br /> Mr. Mark Shore, Director of the Cabarrus County Convention and Visitor's <br />Bureau, stated openness to discussing the proposed facility and incentive <br />proposals whes all figures are available. He suggested the appointment of a task <br />force to make recommendations specifically on the use of the room tax, the <br />proceeds of which are currently used for marketing purposes. <br /> <br /> Mr. Bill Burke of King's Grant spoke in support of the Marriott proposal. <br />He reviewed the history of the King's Grant project and updated the Board on <br />current activities in the development. He stated that other businesses are <br />interested in locating near the hotel. <br /> <br /> Mr. Maurice Ewing, President of the Cabarrus County Economic Development <br />Corporation, stated in his opinion the proposed project appears to be a desirable <br />project. He urged serious consideration of the project when all numbers are <br />available. <br /> <br /> There was general discussion regarding the proposed project and the need <br />for additional information regarding the cost, long-term benefits, etc. A <br />majority of the Board members indicated they were open to considering the project <br />OnCe additional figures are available. It was agreed that staff would meet to <br />further discuss the project. <br /> <br />Adjournment <br /> <br /> There being no further business to come before the Board, Chairman Casper <br />adjourned the meeting at 8:25 P.M. <br /> <br />Clerk to the Board <br /> <br /> <br />