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Council backs modified tourism funding package, approves temporary boost for Explore Siouxland
Summary
After extended debate, council approved a revised tourism funding plan that raises the benchmark used to split hotel-motel revenue and creates a temporary guarantee and a $300,000 incentive booking fund; Saturday in the Park funding was adjusted.
Sioux City council approved a revised tourism funding arrangement designed to increase revenue available to Explore Siouxland while preserving the city—s core hotel-motel levy used to offset property taxes.
Under the action, the benchmark for splits remains tied to a baseline hotel-motel target; any collections between the 2.5 million and 2.8 million benchmarks will continue to be split 50/50, collections between 2.8…
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