Youngstown school board says ‘No’ to Doubletree tax break, offers new deal

NYO Property Group is renovating the Stambaugh Building on Central Square in Youngstown

Work began Tuesday at the old Stambaugh Building as crews turn it into a DoubleTree Hotel.

YOUNGSTOWN, Ohio (WKBN) – The Youngstown City School Board decided not to give the owners of a new downtown hotel what they wanted in tax breaks.

The board voted 4 to 2 to give the soon-to-be Doubletree Hotel a 75 percent, 10-year tax abatement. The hotel developer originally asked for a 15-year, 100 percent abatement.

NYO Property Group is renovating the Stambaugh Building on Central Square.

The plan is to have the hotel ready for a soft opening in December of 2017, with the first party and grand opening on New Year’s Eve of 2017.

Youngstown City Council still has to approve the abatement. It’s expected to do that at its next meeting Dec. 21.

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