According to the report of news-press.com, an incentive requested by the developer to improve the vacant downtown Ambassador Hotel was approved through a unanimous vote by the Fort Myers
Community Redevelopment Agency. The board voted 6-0 vote, Bob MacFarlane's development incentives include the tax increment financing deal. This deal means that the value of the property increases after its development.
The second incentive that MacFarlane requested is that the CRA will purchase 300 extra parking spots. Currently, he has 550-spot garage. This request will be revisited later. Mayor Randy Henderson Jr. said that he wanted to make sure that “every effort” is made to explore what should be done with the parking garage. The mayor said in a statement, “What I support is that this council, this commission, provides maximum support. The current ownership has been quite indifferent of the wants and needs of the city. … It seems logical that we make a private, public partnership.” The board also believes that there would be a great demand for parking spaces as the downtown area continues to develop.
The agency allowed Bob MacFarlane of the Pittman Group to return to his lender and sellers of the building, and start negotiations for the purchase and reinstatement of the former hotel, which MacFarlane plans to turn into a senior living facility.