Overview
- The City Council approved an additional $291,086 on June 3, bringing total investment in Hotel Topeka to $11,529,228 since its 2023 purchase.
- The infusion raises the hotel’s operating budget to $510,646 and satisfies a contract requirement to maintain at least $150,000 in reserves.
- Councilmembers Christina Valdivia-Alcala, Sylvia Ortiz and David Banks voted against the measure, highlighting concerns over the initial acquisition and escalating costs.
- As of April 13, the city and the Topeka Development Corporation had spent $2,664,542 on hotel operations, part of more than $11.2 million covering repairs, maintenance and deficits.
- Despite receiving seven bids in 2024, no offers have been accepted and officials aim to finalize a sale by the end of 2025 without a firm timeline.