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Council approves joint resolution and memorandum to extend innkeeper's tax support for Old National Bank Plaza amid debate over capital exclusions
Summary
The Vanderburgh County Council approved a joint resolution and a memorandum of understanding tied to the county's innkeeper's tax and the Old National Bank Plaza, including a $1 million threshold and a provision that excludes capital improvements from the rebate calculation. Council members debated taxpayer risk and asked for clearer exclusions; d
The Vanderburgh County Council approved a joint resolution and a related memorandum of understanding (MOU) that seek to extend and revise how a portion of the county’s innkeeper’s tax is allocated for support of the Old National Bank Plaza. The measures were approved in separate votes during the meeting; the joint resolution passed by roll call and the MOU was later approved, each recorded as unanimous in the transcript.
Why it matters: The actions affect how up to 2% of the county’s innkeeper (hotel) tax is treated, whether a 1% portion may be rebated to Explore Evansville under specified conditions, and how shortfalls in Old National Bank Plaza operations are counted over an extended period agreed among stakeholders. The measures are intended to limit immediate losses to county taxpayers while encouraging coordinated oversight by hotels, Explore Evansville and county officials.
What the council approved - A joint resolution (listed in the agenda as R-01-25-002) to pursue an extension and…
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