Emmitt Smith
Financing woes may loom for Cowboys legend-turned-possible-hotelier Emmitt Smith, whose proposed Harlem hotel will cost $81 million to develop, according to the Wall Street Journal. The football great has a Dec. 31 deadline to get going on construction, before a federal financing package will expire. The hotel, which is slated for a lot on the corner of 125th Street and Lenox Avenue, is expected to created around 81 permanent jobs and 129 construction jobs, if the project comes to fruition. The proposed hotel would include retail and community establishments, according to Smith’s firm, ESmith Legacy — a supermarket and YMCA are among the tenants expected for the development. [WSJ]