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State hotel‑association official outlines venue‑tax and tourism PID options to fund convention center or sports projects
Summary
Scott Jaslow, CEO of the Texas Hotel and Lodging Association, briefed council on venue‑tax options (including up to 2% hotel occupancy tax for venue projects) and tourism public improvement districts (tourism PIDs) as potential non‑general fund revenue tools to fund a convention center, stadium or related projects.
The council received a presentation from Scott Jaslow, president and CEO of the Texas Hotel and Lodging Association, describing two revenue tools the city could use to support a convention center or sports facility without drawing on general property taxes: (1) a venue project funded by an optional local hotel‑occupancy (venue) tax (up to 2% city option) and other revenue options such as motor‑vehicle rental taxes or ticket surcharges;…
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