Quote:Unless I'm missing something the lodging tax (hotel bed tax) net $15.4 million in 2013. Of that, only 1/3 can be used for upgrades to the sports complex. Which mean they would need to increase the loan used to initially finance the stadium and which has been increased to fund any prior upgrades to the facility. 1/3 of the tax is used to pay back the loan. 

 

Right, the bed tax is 6%...and the Jags said they would use 2% of that for however long until it was paid off so your statement sounds true. If it stays at roughly $15 million (it should have gone up some w/ scoreboards/cabana/pools plus this amphitheater) then it would take just under 10 years of bed tax usage to get it paid off, I believe.

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