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The Landmark Hotel in downtown Charlottesville could finally open next year, but first the City Council needs to decide whether it will agree to provide hotel developer Dewberry Capital several incentives that have been negotiated in recent months.

On Tuesday, Chris Engel, the city’s director of economic development, will present to the council terms of a potential agreement with the developer of the Landmark, which has stood over the Downtown Mall unfinished and exposed to the elements for almost a decade.

In return for the developer promising to expedite construction and abide by several other terms, the city could give the developer more than $1 million in annual tax rebates over the course of 10 years.

The terms are slightly different than what Dewberry Capital President and CEO John Dewberry proposed last year in a September letter to the City Council. The changes are in part the result of negotiations between the developer and city executive staff. According to a staff report on the matter, both parties are nearly ready to move forward with the project.

“After discussion and considerable negotiation, city staff and Dewberry Capital are in basic agreement on the following components,” the staff report says.