1011 South Akard Street

The City is asked to accept or reject an offer from TEOF Hotel LP to pay $5,707,000 (plus accrued interest and legal fees) upon the sale of the Lorenzo Hotel at 1011 South Akard Street in exchange for a release of the City's lien on the property, with no net cost to the City.

…es upon the sale and title closing of the Lorenzo Hotel (“Property”) located at 1011 South Akard Street, owned by Borrower, in exchange for the release of the City of Dallas lien on t…

Proposed amendment to the City's FY 2025-26 Action Plan to authorize up to $935,101.50 in Community Development Block Grant (CDBG) funds as interim loan financing for a Section 108 Hotel Project loan agreement with HUD, for a hotel located at 1011 South Akard Street.

…artment of Housing and Urban Development (HUD) for the Hotel Project located at 1011 South Akard Street [Maria Smith, Assistant Director, Office of Economic Development] jozette.rosa…