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Council designates Project Finance Zone around convention‑center complex to tap state revenues for venues
Summary
The council approved an ordinance designating a project finance zone that covers a three‑mile radius around the Alamo Dome, the convention center and a potential arena so the city may capture incremental state hotel and related taxes for qualifying venue improvements.
The San Antonio City Council voted May 15 to designate a Project Finance Zone that centers on the city’s convention‑center complex, including the Alamodome and the convention center, and a potential arena project.
Under state law enacted in 2023, a municipality may establish a project finance zone to capture incremental state revenues generated inside the zone—principally state hotel taxes and certain mixed‑beverage taxes from hotels—and use those revenues for eligible venue and convention‑related improvements. The ordinance creates a zone…
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