{"id":1465485,"date":"2025-12-17T08:58:31","date_gmt":"2025-12-17T14:58:31","guid":{"rendered":"https:\/\/ktbb.com\/post\/?p=1465485"},"modified":"2025-12-17T09:40:26","modified_gmt":"2025-12-17T15:40:26","slug":"blackstone-hotel-promises-60-jobs-gets-tax-abatement-in-return","status":"publish","type":"post","link":"https:\/\/ktbb.com\/post\/?p=1465485","title":{"rendered":"Blackstone hotel promises 60 jobs, gets tax abatement in return"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-thumbnail wp-image-1465486\" src=\"https:\/\/ktbb.com\/post\/wp-content\/media\/2025\/12\/blackstonehotel-225x136.png\" alt=\"\" width=\"225\" height=\"136\" srcset=\"https:\/\/ktbb.com\/post\/wp-content\/media\/2025\/12\/blackstonehotel-225x136.png 225w, https:\/\/ktbb.com\/post\/wp-content\/media\/2025\/12\/blackstonehotel.png 264w\" sizes=\"auto, (max-width: 225px) 100vw, 225px\" \/>TYLER &#8212; The Blackstone Hotel, with Valencia Hotel Group, is coming back to Tyler and bringing 60 full-time jobs with it. According to our news partner KETK, the new full-service, luxury hotel is being built under a 3-year plan, on the corner of Broadway and Fergueson, promising at least 60 full-time\u00a0jobs\u00a0with\u00a0an annual\u00a0payroll of $2 million.<\/p>\n<p>This economic boosting promise is why Smith County Commissioners took up a vote for a\u00a010-year tax abatement of 50% for Blackstone Hotel, as long as Valencia Hotel Group upkeeps their promise of 60 full-time employees.<\/p>\n<p>Scott Martinez, President of Tyler Economic Development Council, says his organization will be the monitor of this agreement.<!--more--><\/p>\n<p>\u201cSo\u00a0the hotel will give a quarterly\u00a0and annual report on their employment numbers and their investment,\u00a0as well as their sale\u00a0sets to the city,\u201d Martinez said.\u00a0\u201cSo\u00a0we can track to make sure they\u2019re\u00a0following through with what they committed to do.\u201d<\/p>\n<p>Some were worried the\u00a0tax decrease for the hotel\u00a0would increase the taxpayer burden.<\/p>\n<aside class=\"ad-unit ad-unit--mr1_ab\">\n<div class=\"ad-unit__content\">\n<div id=\"acm-ad-tag-mr1_ab-mr1_ab\" data-slot=\"{&quot;is_oop&quot;:false,&quot;is_companion&quot;:true,&quot;sizes&quot;:[[[1280,0],[[300,250],[620,366]]],[[1024,0],[[300,250],[620,366]]],[[768,0],[[300,250],[325,204],[325,508]]],[[641,0],[[300,250],[325,204],[325,508]]],[[0,0],[[300,250],[325,204],[325,508]]]],&quot;size&quot;:[300,250]}\" data-unit=\"\/5678\/nx.ketk\/news\/local_news\" data-fbonly=\"false\" data-refids=\"\" data-not-refids=\"\" data-targeting=\"{&quot;kw&quot;:&quot;blackstone-hotel-promises-60-jobs-gets-tax-abatement-in-return&quot;,&quot;pos&quot;:&quot;mr1_ab&quot;,&quot;fold&quot;:&quot;atf&quot;,&quot;category&quot;:&quot;local_news&quot;}\"><\/div>\n<\/div>\n<\/aside>\n<p>Martinez explains, \u201cNo\u00a0money\u00a0is being taken away, it\u2019s\u00a0just a\u00a0portion\u00a0that\u2019s\u00a0being abated because of the new value coming on under the tax rolls.\u201d\u00a0 Meaning, the boutique hotel will get 50% off their taxes because of the increase in jobs and capital investment promised.<\/p>\n<p>If the hotel does not\u00a0stay true to their side of the bargain, Judge Franklin explained that the county can always lessen the abatement amount.<\/p>\n<p>This tax abatement was decided in\u00a0a 4-1 vote, with\u00a0Christina Drewry\u00a0of Precinct 1 voting against saying she worries about the burden of public cost.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TYLER &#8212; The Blackstone Hotel, with Valencia Hotel Group, is coming back to Tyler and bringing 60 full-time jobs with it. According to our news partner KETK, the new full-service, luxury hotel is being built under a 3-year plan, on the corner of Broadway and Fergueson, promising at least 60 full-time\u00a0jobs\u00a0with\u00a0an annual\u00a0payroll of $2 million. &hellip; <a href=\"https:\/\/ktbb.com\/post\/?p=1465485\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Blackstone hotel promises 60 jobs, gets tax abatement in return<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":1465486,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[177],"tags":[],"class_list":["post-1465485","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-local-news-archive-archives"],"publishpress_future_action":{"enabled":false,"date":"2026-06-06 14:34:54","action":"change-status","newStatus":"trash","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/posts\/1465485","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1465485"}],"version-history":[{"count":1,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/posts\/1465485\/revisions"}],"predecessor-version":[{"id":1465487,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/posts\/1465485\/revisions\/1465487"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/media\/1465486"}],"wp:attachment":[{"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1465485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1465485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1465485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}