Lodgers Tax Bonds Proposed and Opposed

THE LOCAL HOTEL INDUSTRY, SO FAR, OPPOSES A PROPOSAL TO BUILD A NEW MULTI -USE SOCCER VENUE AT LOS ALTOS PARK AND AN ENTIRE PROGRAM OF OTHER ATHLETIC AND TOURISM RELATED PROJECTS AROUND ALBUQUERQUE. IT’S PART OF A PLAN TO OVERHAUL THE PARK AND OTHER LOCATIONS IN ALBUQUERQUE.

THE ABQ JOURNAL REPORTS THE CITY COUNCIL ON MONDAY APPROVED NEW LODGERS TAX BONDS IN A 30-AND-A-HALF MILLION DOLLAR PACKAGE. COUNCILORS TOOK A SEPARATE VOTE TO APPROVE THE LIST OF PROJECTS. MUCH OF THE PROPOSAL WAS INTRODUCED LAST MONTH BY MAYOR TIM KELLER. THE MONEY WOULD BE USED TO UPGRADE AND CREATE FACILITIES CITY-WIDE.

THE HOTEL INDUSTRY OPPOSED THE PLAN BECAUSE IT’S THEIR TAX DOLLARS THAT WILL PAY FOR THOSE PROJECTS. THE INDUSTRY WAS ADVISED BY THE TAX ADVISORY BOARD TO REQUEST MORE TIME TO TO CONSIDER THE MERITS OF THE PROGRAM.

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