Newspaper Archive of
Hays Free Press
Kyle, Texas
June 10, 2015     Hays Free Press
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June 10, 2015

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+ June 10, 2015 Page 1D City officials have expressed interest in acquiring a hotel and conference center- possibly like the Embassy Suites hotel and conference center in San Marcos in the photo above. Kyle officials discuss need for hotel and conference center BY MOSES LEOS III At a cost ranging from $15,000 to $20,000, Kyle officials hope a hotel study can aid the city in attracting attention from hoteliers in the future. Jerry Hendrix, Kyle chief of staff, said the goal of the study is to get the "best hotel that would be possible." "We think our city and our market and location is at an area where we could get a flagship hotel or conference center hotel," Hendrix said. The study, which was commissioned to Stone Hospitality Group on May 19, will go in to "extensive detail into identifying the market," according to assistant city manager James Earp. Some of the factors will be to evaluate market op- erations of a hotel in the city, investigate potential and existing demand on a local and regional scale, and determine recom- mendations that would help attract hotel clients. According to Hendrix, the city had never deve!- oped data in the past for hotel groups to review. While he said hotel groups vary on the infor- mation they are looking for, many use market information to determine where to develop. With a lack of timely information, Hendrix said the city brought in a party to analyze population and de- mographic informa- tion. Com- missioning and paying for a study, according to Hendrix, suggests the city is "seri- ous about having a bigger hotel presence." "It shows that we are serious about hav- ing them here," he said. The city will pay for its hotel study using funds from Kyle's Hotel Occupancy Tax fund. According to Kyle Chamber Executive Di- rector Julie Snyder, much of the need the chamber has heard is an increase in business meeting and conference center style options. She said having another hotel or confer- "By bringing in more hotels, we'll add to those HOT funds, where we can fund more activities to bring more people into Kyle." -Jerry Hendrix, Kyle chief of staff ence center could be helpful for tourism. While she said the city isn't run- ning out of rooms with its two cur- rent hotels, La Quinta and Best Western Inn & Suites, having additional options is "good for the busi- ness and the com- munity side." She believes the addition of hotels can help draw traffic from events such as Formula 1 at Circuit of the Americas. "Having more hotels in Kyle would be a great feature to piggyback on those events," Snyder said. Hendrix said addition- al hotels could increase the amount of HOT funds the city draws from hotels. He said the city's two hotels are doing well, but are "maxed out" in how much the city draws in HOT funds. "By bringing in more hotels, we'll add to those HOT funds, where we can fund more activities to bring more people into Kyle," he said. "We think there's a lot of reasons that a hotel is successful here in Kyle, not only lo- cally, but regionally." But where a hotel could go, and what type, would be determined by the study. According to Hen- drix, there are several options for the city to contemplate that could be potential incubators for hotel development. The study could also further the city's attempt to determine what makes Kyle a destination. "If I'm a destination type venue, I want people to stay as long as possible," Hendrix said. "If you have hotels close to that venue, it creates the ability for people to stay for more than one day." .s on your The concept of "retirement" has changed dramati- cally in recent decades. Today's retirees are traveling, volunteering, pursuing their hobbies -- and even working for money. In fact, as a re- tiree, you can essentially do anything you want, as long as your health and finances permit it. Through exercise, proper diet and avoidance of bad habits, you can do a lot to stay physically healthy. And by clearly identifying your retirement goals and estimating their finan- cial impact, you'll know how to stay "financially healthy" throughout your retirement years. So, what are your retirement goals? Here are some of the more com- men ones: TRAVEL Many people can't wait to see the world once they retire. If you're one of these eager travelers, you've got more choices One way of dealing with [anticipated travel] costs is to place a certain amount of money each year in a liquid account that offers significant protection of principal. Financial Focus by Janet Ross of principal. Set aside enough money to cover all your travels for a year, and when it's exhausted, you'll know it's time to stay home for a while. than ever. Programs such as Road Scholar (formerly known as Elderhostel) provide educational travel programs to virtually every area on the planet. And, of course, you are free to journey on your own. But however you decide to hit the road, you'd better bring your wallet- because travel is expensive. One way of dealing with these costs is to place a certain amount of money each year in a liquid account that offers significant protection RENT OR BUY A SECOND HOME During retirement, many people like to spend a few months each year in a more pleasant climate or in a location nearer their grown chil- dren. If you are consider- ing a second home, you'll need to decide whether you want to rent or buy. You'll find considerable differences from a finan- cial point of view, so you'll want to think carefully about your choice. PURSUE YOUR HOBBLES While you were work- ing, you might have wished that you had more freedom to pursue your hobbies. Once you retire, though, you'll probably have a lot more time to do what you like, whether that's driving your classic car, painting landscapes, golfing, fishing, building fitrniture -- whatever. Be aware, however, that some people do get over-exu- berant and spend more money on their hobbies than they can really afford. So have fun with your pursuits, but set a budget -- and stick to it. GET BACK TO WORK Upon your formal re- tirement, you may decide to do some consulting or open a small business. Any wages you receive can greatly improve your retirement income picture. For example, the more money you earn, the less you'll have to take FINANCIAL FOCUS, 4D BY KIM HILSENBECK At $7.25 an hour, the minimum wage in Texas - which is also the federal minimum wage - a full-time worker can earn $290 a week or roughly $15,080 annu- ally. The U.S. Congress last raised the federal minimum wage in July 2009. The Seton Fam- ily of Hospitals, part of Ascension Health, does not believe $7.25 an hour is a living wage. Recentl the non- profit organization decided to raise the minimum wage it pays entry- level employees to $11 an hour. Prior to that, Seton was already paying more than the state-mandated minimum, with most positions at about $10 an hour. At$11 an hour for a 40-hour week, an employee would earn about $440 or roughly $22,880 a year before taxes. Seton Medical Center Hays CEO Neal Kelle3 a long-time employee, didn't find the decision surprising. "Seton has always paid what they call a socially just wage," he said. "They were paying $7-8 an hour when minimum wage was $5." Kelley said a socially just wage is the same SETON WAGES, 4D Kyle The following businesses have either opened, expanded or are coming soon in the Kyle area between January and May 2015. Certificates of Occupancy so far this year: 1. Third Coast Wireless - 575 E. RR 150 2. IPT Supply - 1300 Goforth Rd. 3. Must B Nutty - 130 Kirkham Circle, Suite A 4. Five Guys Burger & Fries - 151 Evans Dr., Suite 113 5. SmartStyle - 5754 Kyte Pkwy. 6. Down South Railhouse - 107 E. Center St. 7. Stripes-Taco Laredo- 19350 IH 35 8. Corridor Primary Care - 4221 Benner, Suite 205 9. Dr. Sanford Dental Office - 4221 Benner, Bldg 2 10. Bella Fuente - 102 Creekside Trail 11. Walmart - 5754 Kyle Pkwy. 12. Lonestar Pediatric - 575 E. RR 150, Suite P 13. Edible Arrangements - 5401 S. FM 1626, Suite 175 14. Austin Radiological Assoc- 4211 Benner, Suite 100 15. Mama Fu's- 151 Evans Dr., Suite 111 16. Jersey Mike's Subs - 151 Evans Dr., Suite 109 17. Walmart Fuel Station -20585 IH 35 18. The Boling Law Firm - 140 Kirkham Circle 19. Mirror Mirror Salon & Spa - 5160 FM 2770, Suite B 20. Strand Apartments Office - 150 S. Amberwood 21. Grind House Coffee & Cocktail - 109 W. Center St. Projects Currently Under Construction: 22. Dorman Retail Center- 4640 S. FM 1626 23. Medical Office - 1300 Dacy/n 24. Medical Office - 1500 Dacy Ln 25. Texas State Golf Practice Facility - 4309 Bonnet 26. Retail Shell Building - 5896 Kyle Pkwy. 27. South Austin BBQ - 905 N. Old Hwy 81 28. Randolph Brooks Credit Union - 20613 IH 35 29. Water Tree of Kyle -6160 FM 2770, Suite D 30. Retail Shell Finish-out - 6160 FM 2770, Suite C 31. Metro Stat Office Lab - 147 Elmhurst, Suite 300 32. SpaRenity Nails & Herbal- 5695 Kyle Pkwy., Suite 120 33. Papa Johns Pizza - 575 E. RR 150 Upcoming Projects still in review: 34. Oaks of Kyle Apartments - 200 Goforth Rd. 35. Kyle 24 Hr Emergency Center - 5615 Kyle Center Dr. 36. Kyle Vista Apartments - 282 Bebee Rd. 37. Kyle Pet Resort - 598 Rebel Dr. 38. Jason's Custom Paint & Body - 2580 Kyle Crossing _