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Council debates hotel incentive structure; considers PLT/TLT deals and parity across projects
Summary
Councilors discussed a proposed PLT (private lending/tourism tax) structure as an alternative to direct urban renewal subsidies for hotel projects, debated fairness, caps and milestone-based incentives, and asked staff to develop consistent terms to apply across projects.
DUNDEE — The council discussed a proposal to use a TLT/PLT financing structure to attract hotel investment rather than relying on traditional urban-renewal subsidies.
Speaker 2 said the PLT approach is attractive because "it doesn't take any dollars out of our cities to offer us" and suggested using PLT or TLT…
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