SIOUX CITY, Iowa (AP) — The City Council in Sioux City is considering more than $12 million in assistance for a $56 million project to convert two historic downtown buildings into luxury apartments and a nearly 150-room hotel. Developer Lew Weinberg and St. Louis-based developer Restoration St. Louis plan to turn the former Warrior Hotel and Davidson buildings into a Marriott brand hotel.

The Sioux City Journal reports that the financial package would include a partially forgivable $5 million loan, a portion of the city’s share of hotel-motel taxes generated by the facility, property tax incentives, and reduced rates for city ramp parking.

The council could vote on the package today (Monday).