Operation of the Convention Center is funded by a 3% tax visitors pay when they stay in a hotel in Wilmington. City property taxes are not used to fund the Convention Center. Property tax dollars were also not used to build the Convention Center. The North Carolina General Assembly passed legislation in 2003 that created a 3% tax on Wilmington hotel rooms to provide the money necessary to build and operate the Convention Center. These Room Occupancy Tax (ROT) funds, by law, can only be used for the Wilmington Convention Center.
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What difference does a P&L for it mean to you, IF YOU AREN'T PAYING FOR IT. Well, unless you live an a hotel room...in which case, I'm sorry for my last comment.
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