Tax abatement for new Youngstown hotel to be discussed

The city can go forward with a 10 year, 75 percent tax abatement without the school's approval

The Stambaugh Building in downtown Youngstown is being transformed into a DoubleTree Hotel.

YOUNGSTOWN, Ohio (WKBN) –  A meeting is planned for later this week to talk about a tax abatement for a downtown Youngstown hotel.

The Stambaugh building on Central Square is in the process of becoming a DoubleTree Hotel.

Three weeks ago, developer Dominic Marchionda asked the Youngstown School Board for a 15 year, 100 percent tax abatement. But the school’s CEO Krish Mohip has been hesitant to commit.

The city can go forward with a 10 year, 75 percent tax abatement without the school’s approval.

First News has learned the meeting will include Youngstown Mayor John McNally, Mohip and Marchionda.

Exactly when and where the meeting will take place has not been determined.

The hotel is expected to be open in December of 2017.

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