City leaders are looking to put $291,000 more into Hotel Topeka. Following two executive sessions in a special meeting on Monday, the Topeka Development Corporation decided it will move forward with requesting another round of funding. Since the city owns the hotel, it is required to make up for any operational losses from Hotel Topeka. At the end of last year, the TDC approved the budget with a net operating loss estimated at $870,000. Since Hotel Topeka is not generating enough revenue to cover its expenses, the city needs to invest more money into the hotel to help make up the deficit.
Source: KSNT 27 News
