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Staff explains hotel-motel tax revenue and tourism-product development funds
Summary
City staff told the council that the marketing funds (CCT) come from the hotel-motel tax collected within College Park and that tourism product development (TPD) is a separate state-allowed vertical for capital projects and assets.
A staff member told the council that the revenue for marketing support—referred to in the discussion as CCT—comes from hotels within the city's jurisdiction and is collected via the hotel-motel tax. The staff member stressed that those marketing funds are intended to promote tourism and are distinct from tourism product development funds, which the state permits to be used for capital improvements and assets.
The staff member also said that specific past management of product-development funds would require legal review: "I think that's a question we need to defer to our legal guidance on that specifically." Council members asked for documentation about who managed those funds historically and how they were used; staff said they would seek accurate responses through appropriate channels.
Provenance: topicintro SEG 163 ("So very specifically for marketing support services, You have CCT.") — topfinish SEG 203 ("...we need to defer to our legal guidance on that specifically.")
