SUMMARY: The city council approved a plan for the development of a historic building in downtown Laurel that is expected to help with economic growth. The plan includes tax increment financing to fund infrastructure improvements for the building over a period of 15-20 years, with total funding of $900,000. The new building is expected to be a success and will bring in more tourism, offering about 25 hotel rooms. This development will also result in around 80 new jobs downtown. Mayor Magee is excited about the renovations and believes they will be a great addition to the economy of the city.

Construction on the building will hopefully begin in January.

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