A long-stalled project to redevelop Ming's in Palo Alto as a hotel and restaurant is poised to move forward again.
On Monday, the city council is expected to grant a one-year extension of a site and design review approval it gave the project in 2010. The item will appear on the consent calendar, a portion of the agenda that is typically approved with a single vote. Without the extension, the approval would expire this month.
The city's Planning and Transportation Commission signed off on the extension in early March.
The mixed-use project has languished in recent years but now has the financial backing to proceed, according to a city staff report. "The applicant notes that investors are poised to begin the project in 2013 and only needed to have the assurance of the extension to move forward."
The 15,180-square-foot Ming's Chinese Cuisine and Bar at 1700 Embarcadero Road would be replaced with a four-story, 147-room hotel and a 5,602-square-foot restaurant, according to the report. The project also calls for a 541-square-foot gym and 87 square feet of retail.
An underground garage and surface parking would provide a total of 166 spaces, the report noted.
The city stands to reap considerable tax revenue from the project. In 2010, it was expected to pump between $570,000 and $697,000 into city coffers annually, according to the report. Approximately $2.2 million in one-time impact fees would also be paid to the city.
The city council is scheduled to meet Monday at 6 p.m. in the council chambers of City Hall, 250 Hamilton Ave.