The N&R follows up:
The city has shaved about $3 million off the cost of a planned competitive swim center at the Greensboro Coliseum, but construction will still cost $6 million more than the city has to spend.
By the end of the week, the city staff will recommend ways to make up the difference.
One option could include using hotel room taxes to pay for part of the center, a recommendation made by the Greensboro/Guilford County Tourism Development Authority.
“Our message was that the hospitality industry feels that this development is important enough that we may need to stretch or push a little bit to get it done,” said Henri Fourrier, CEO of the Greensboro Area Convention and Visitors Bureau.
I was a little surprised to see Fourier quoted as saying the city’s cut of the occupancy tax is $500,000 per year, so the city will most definitely be borrowing against future revenues to make up the $6 million gap. No mistake that Robbie Perkins wants to get his resolved before he has a new mayor and council members sitting around him.
