Downtown Ramada to receive sales tax assistance to fund renovations

The Ramada in downtown Topeka will receive sales tax assistance after city council unanimously approved a Community Improvement District. A CID is a 2% sales tax on retail purchase, but the tax increase is not citywide. The sales tax increase in this CID is “generally described as the Downtown Ramada Hotel & Convention Center,” according to the CID ordinance. Jim Parrish, the president and CEO of Topeka-based Parrish Management Corp., applied for the CID district to help fund improvements to the Ramada, 420 S.E. 6th. Parrish, a managing member of Jefferson Street Partners, told the Topeka City Council last week he wanted to add more apartments to the Ramada to adapt to the changing market.
Source: Local News | Topeka Capital-Journal