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Broward’s tourist development tax budget keeps convention center expansion and arena improvements but flags hotel and revenue risks
Summary
County and Visit Lauderdale presented a FY26 tourist development tax program that preserves convention center operations, planned arena capital and operating allocations, and beach renourishment funding; staff flagged softening hotel occupancy and the recent loss of state commercial‑lease tax as pressure points.
Broward County staff and Visit Lauderdale officials presented the fiscal‑year 2026 tourist development tax (TDT) program Wednesday, showing the county will continue to support convention‑center operations, a planned headquarters hotel, and arena operating and capital commitments while noting a modest downturn in occupancy and pricing that softens near‑term TDT growth.
Visit Lauderdale CEO Stacy Ritter said occupancy, average daily rate and RevPAR have softened in 2025 relative to the recent high years; staff forecast TDT receipts for FY26 at about $123 million. The county’s recommended FY26 tourist program totals about $269.6 million when recurring and one‑time revenues are included, with recurring…
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