WICHITA FALLS, Tx (RNN Texoma) - On Monday Newschannel 6 brought you a story about plans to renovate the old Crescent Hotel in downtown Wichita Falls into student housing.
On Tuesday city councilors agreed to spend $800,000 of 4B money on a fire suppression system for the building as long as the project is complete by July 1.
Deputy City Manager Jim Dockery said it's the biggest public-private partnership the 4B board has been a part of, but added they need residential construction in the central business district.
"People living downtown will provide enough mass of people to help protect the investments that a lot of the private developers have made," Dockery said.
The building's second through fifth floors will have 110 rooms, common areas, a weight room, and swimming pool.
Once complete, Owner Will Kelty will shift his attention to building 60 regular apartments on floors six through ten.
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