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Harlem hotel wins city backing

Wall Street Journal - May 4, 2010 Share/Save/Bookmark

Excerpt from the Wall Street Journal:

New York City officials threw their support behind awarding $19.8 million in federal tax-exempt financing to former football star Emmitt Smith's plan to build a hotel in Harlem, officials confirmed Tuesday.

"This project would transform a long-vacant site in a vibrant commercial corridor into much-needed hotel and retail space, along with amenities for the community, creating hundreds of permanent and construction jobs," said David Lombino, a spokesman for the city's Economic Development Corp.

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