Case Study
KTDA & Synthetic Tourism TIF Analysis : Riverfront Convention Hotel Impact Analysis
KTDA & Synthetic Tourism TIF Analysis: Riverfront Convention Hotel Impact Analysis Paducah, Kentucky HSP evaluated two different applications to the Kentucky Tourism Development Act for development incentives in order to build a convention hotel in downtown Paducah. The first was an 83,000-square foot convention hotel, proposed to be located on 3.3 acres at a cost of $18,550,000. The second was a six-story, 123-room Holiday Inn Paducah Riverfront, proposed to be directly adjacent to the Julian Carroll Convention Center, which had not had a hotel since the Executive Inn was demolished. The convention center is now known as the Paducah-McCracken County Convention and Expo Center. HSP’s analyses of the two projects included: § Convention Center history & future demand projection