December 7, 2022

Just Moments

Travel Groove

Hotel/motel tax could fund Nashville’s $700 million contribution toward a new Titans stadium

Here’s an productive way to crank out taxpayer revenue with out impacting neighborhood taxpayers. Impose a tax on the people instead.

By using the Tennessean, a Nashville resort/motel tax of 6 percent (and maybe seven p.c) could increase above 20 a long time the $700 million that the town would contribute to the job. The recent negotiation happening in the Tennessee statehouse reportedly features $700 million from the metropolis, $700 million from the Titans, and $500 million from the sale of bonds.

That adds up to $1.9 billion. Which really should end result in some remarkable stadium.

The hotel/motel tax would decrease the affect of Nashville inhabitants by imposing the price tag tag on those continue to be in neighborhood lodges and motels. That explained, Nashville inhabitants who go to video games undoubtedly will account for a part of the team’s contribution, both by means of ticket rates or Private Seat Licenses, if the Titans employ the final dollars-for-nothing funding system.

Irrespective of how it takes place, the Titans are poised to at some point come to be the most recent workforce to get a main public contribution to the design of its soccer stadium.

Hotel/motel tax could fund Nashville’s $700 million contribution towards a new Titans stadium originally appeared on Professional Football Chat