Baptist Health Hotel Incentive Request
Summary
Baptist Health is seeking a $21 million incentive package ($12.9 million REV grant and $8 million completion grant) to support a $100+ million 15-story dual-branded hotel project on Palm Avenue. The project will convert a currently tax-exempt parcel into a tax-generating property.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed May 11, 2026.
Impact analysis
City financial commitment of $21 million in incentives, projected to yield over $2 in return per dollar invested and generate future property tax revenue.
Hospital patients and families, medical personnel, local businesses in San Marco and downtown, and the regional healthcare community.
None identified.
Mentions & discussions (2)
Special Committee on the Future of Downtown — May 11, 2026
The Downtown Investment Authority is reviewing a $10.1 million incentive request for the historic Ambassador Hotel conversion into the boutique Merrydelle Hotel, aiming to boost tourism and tax revenues.
Special Committee on the Future of Downtown — January 12, 2026
Baptist Health is seeking a $21 million incentive package ($12.9 million REV grant and $8 million completion grant) to support a $100+ million 15-story dual-branded hotel project on Palm Avenue. The project will convert a currently tax-exempt parcel into a tax-generating property.
Related development
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