Morrier Hotel

New Markets Tax Credit Coalition

Yakima,
WA
(2005)

Morrier Hotel

Business Development

The construction of the Morrier Hotel is expected to help revitalize the City’s downtown by attracting tourists and new customers to nearby businesses.

Investment

NMTC Amount: $6,709,977
Total Project Cost: $12,000,000

IMPACT

190 FTE jobs
100 construction jobs
86,100 sq. ft. of real estate

CDEs

Grow America

Investor

Dudley Ventures

Project Description

Located on City land, the construction of the Morrier Hotel is expected to help revitalize the City’s downtown by attracting tourists and new customers to nearby businesses. This modern hotel with meeting facilities is the first hotel development in the area within the last 25 years. Several local small businesses located on the ground floor of the hotel were offered reduced rents. In addition to NDC’s NMTC investment, the hotel received a loan through the City of Yakima to make the 86,100 sq. ft. deal a reality.

MAP

Address: 399 East Yakima Avenue, Yakima, WA 98901

Census Tract: 53077000100

Other Washington Projects

The Jim Wiley Community Center

Seattle,
WA
(2006)

Boys and Girls Clubs, Community, FQHCs, Recreation, Youth and Families

CDE(s): Enterprise Community Partners

The Jim Wiley Community Center involved the acquisition and rehabilitation of a 22,000 sq. ft. community center located in the heart of the Greenbridge HOPE VI redevelopment in White Center,

Northstar 2.0

Vancouver,
WA

Community, Healthcare

CDE(s): Nonprofit Finance Fund

Northstar 2.0 is the renovation of a new building recently acquired by Columbia River Mental Health Services (CRMHS). The new building is 7,917 square feet and 7,117 feet will be

Coastal Community Action Program Wind Turbine

Aberdeen,
WA
(2011)

Community, Energy, Rural

CDE(s): Craft3, United Fund Advisors

A wind farm generates revenue for a nonprofit social services provider.

Yakima Valley Farm Workers Clinic

Kennewick,
WA
(2020)

Community, Dental Services, FQHCs, Healthcare

CDE(s): Accion Opportunity Fund, Central States Development Partners, USBCDE

Yakima Valley Farm Workers Clinic is a non-profit, FQHC.