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Board reallocates tourist‑development tax to shore up stadium fund, approves Option B
Sarasota Board of County Commissioners · May 20, 2025
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Summary
Sarasota commissioners unanimously approved Option B to reallocate portions of the Tourist Development Tax to the Sports Stadium Fund, adding flexibility to cover debt service and future capital repair needs for spring‑training stadiums and the planned indoor sports arena.
The Sarasota County Board voted unanimously to direct staff to pursue Option B for reallocating Tourist Development Tax (TDT) revenues to address projected deficits in the Sports Stadium Fund. The plan moves 25% of the third penny from promotion to sports stadium (about $1.88M in FY26 estimates)…
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