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Development Opportunity Majestic Site


Location
Arkansas
Publication Date
06/12/2020 11:51 AM EDT
Closing Date
07/10/2020 03:00 PM EDT
Issuing Organization
City of Hot Springs
Solicitation Number
Description

Specifications include, but are not limited to: development plan that will adhere to Board of Directors Resolution No. 9067 that provides guiding values for the redevelopment of the former Majestic Hotel Site: • Enhance economic opportunities • Improve the local quality of life and enhance the visitor experience • Celebrate the natural wonder of our thermal water • Respect the arts, culture and history of Hot Springs Additional criteria include the following: • Must recoup site costs incurred to date by the City • Must generate revenue and enhance downtown businesses • Should be iconic • Should include visible water (either as iconic element or part of operations) • Must be financially self-sustaining and not require on-going subsidy from the City

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