Quote:The money being allocated to this is coming from the same pool that is used for stadium maintenance (the same pool that's funding the $43 million in upgrades underway).  That's all funded by bed taxes from local hotels. 

I'll take your word for it.  However, one thing that bothers me about the "pool of money" is that according to the article that I referenced above, the city is borrowing money.  While I understand the concept of borrowing money with the expectation that revenue will pay the loan and the interest, I suspect that part of this loan is not solely based on revenue from a bed tax and is probably partially guaranteed by revenue from other taxes.

 

Don't get me wrong, I don't oppose spending some of my tax dollars on stadium upgrades.  However, I think it's a bit mis-leading to state that this is coming from solely a bed tax coming from hotels.  Let's face it, Jacksonville is in no way a major tourist destination, nor do we host any major trade shows, conferences, etc.  Our hotels do not generate the revenue necessary to pay the loan.

 

Those of us that pay property taxes, those of us that pay sales taxes, etc.  we are all "chipping in" to the effort.

---