Downtown Tampa will be seeing stars, four stars to be exact, in about two years when the Old Federal Courthouse is converted into a luxury hotel.
Tampa City Council on Thursday unanimously approved a lease with for the city-owned building with Tampa Bay Hotel Partners, LLC.
Bob McDonaugh, administrator for Tampa’s Economic and Urban Development, negotiated the 60-year lease. The hotel will rent the property for $1 a year for the first two years as the 106-year-old building is being renovated. But, the rent never goes higher than $15,000 a year.