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Visit Austin outlines TPID rollout, seeks interim funds as convention center closes
Summary
Visit Austin told the Austin Tourism Commission on Feb. 12 that the newly approved Tourism Public Improvement District will begin collections April 1, with the first disbursement expected mid‑August; Visit Austin approved a $500,000 interim allocation and is exploring a short-term line of credit while the Austin Convention Center closes in May.
Visit Austin President and CEO Tom Noonan told the Austin Tourism Commission on Feb. 12 that the newly formed Tourism Public Improvement District (TPID) will begin collecting a 2% per‑room fee on April 1, with the city remitting the first TPID funds to Visit Austin around mid‑August.
Noonan said the TPID collections will follow a three‑month initial remittance cycle — "we'll collect in April, May, and June. It'll go through the city process, and we'll probably see our first check in mid August," — and that Visit Austin's board has approved about $500,000 to provide interim funding until the first city disbursement arrives. He also said Visit Austin is pursuing a bank revolving line of credit to advance some TPID activity earlier, subject to legal review.
The timing matters because the Austin Convention Center is scheduled to close for construction about May 1. Noonan said the TPID funds…
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