Development Team:
Jim DiBiase - Olive Real Estate Group Inc.
Kevin Englehardt - Hotel Operation Services
Vince Colarelli - Colarelli Construction
Hotel Operator - Hotel Equities
Economic Benefits
Jim DiBiase - Olive Real Estate Group Inc.
Kevin Englehardt - Hotel Operation Services
Vince Colarelli - Colarelli Construction
Hotel Operator - Hotel Equities
Economic Benefits
- Approximately 100 Full-time Jobs
- Approximately 100 Part-time Jobs
- Create 200 Construction Jobs
- Additional Tourism in Central Business District
- Creates economic impact for neighboring restaurants and retail
- Additional Hotel & Restaurant Services to the CBD and Olympic Museum
- 1st Extended Stay Hotel for Downtown
Document Downloads
| Tejon and Costilla URA Predevelopment Retainer Agreement |
| David Cooper Proposal Letter |
| Marriott Springhill Hotel Powerpoint Presentation.pdf |
| Tax Forecast Tejon and Costilla 10-1-18 Final combined |
| Tejon and Costilla URA Plan Final 10-24-18 |
| Resolution 04-18 Approving Tejon and Costilla URA Plan 10-24-18 |
| Property Tax Increment Revenue Agreement - Tejon and Costilla - PPLD - 111418 |
| Resolution 09-18 Approving Property Tax Increment Revenue Agreement - Tejon and Costilla - PPLD - 111418 |
| Property Tax Increment Revenue Agreement Tejon and Costilla - D11 102418 |
| Resolution 10-18 Approving Property Tax Increment Revenue Agreement - D11 111418 |
| Tax Increment Revenue Agreement Tejon and Costilla - El Paso Cnty 111418 |
| Resolution 11-18 Approving Tax Increment Revenue Agreement - El Paso Cnty 111418 |
| Tejon and Costilla Intergovernment Agreement CSURA DDA 121418 |
| Tejon and Costilla Tax Increment Revenue Agreement BID 121418 |
| Resolution 163-18 by City Council Approving Tejon and Costilla Urban Renew Plan 121118 |
| Tejon and Costilla Res No 164-18 and Cooperation Agreement TIF from City signed |