The Gering city council Monday evening finalized redevelopment and tax increment financing agreements prior to construction beginning on the proposed Cobblestone Hotel at 10th and M Streets.
The agreements outline the obligations of the developer Gering Hospitality Group, LLC and the city, including up to approximately $900,000 in tax in increment financing over 15 years for public infrastructure associated with the project. Gering Mayor Tony Kaufman says the construction will start soon, possibly within a month’s time.
City Engineer Paul Snarr says general contractor Bri-Mark Builders has already solicited bids for electrical, plumbing and mechanical subcontractors
The council also issued a proclamation of appreciation to Fire Chief Jay Templar, who is retiring Templar after being Chief since 1991 and a Gering volunteer fireman since March of 1980.