FY 2017 Budget Highlights

DOWNTOWN HOTEL & CONFERENCE CENTER April 2016 $IM State funding allocated in FY17 State Budget $15M State funding allocated in FY18 & FY19 State Budgets Proposed 207 room full-service Marriott hotel with onsite parking FREDERICK RAILROAD 14,000 SF of rentable meeting space- - two ballrooms Economic Impact $64 Million Project $25.8M annual direct, indirect and induced spending 280 Jobs ($9.0M payroll) 110 hotel jobs/$2.9 M payroll Sales Tax / Hotel Tax Catalyst for Reinvestment Rendering of proposed Downtown Hotel at Carroll Creek Existing site now 37 Source: City of Frederick Department of Economic Development

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