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El Paso is paying,a hotel tax of 2% more,if not the CITY will finance,
In the approval, council also passed a resolution calling for the stadium project and asking for a hotel occupancy tax increase from 15.5 percent to 17.5 percent to finance it. The hotel tax increase will go to voters for approval in November. If voters reject the hotel tax increase, the city will have to find alternative ways to fund the stadium.
Officials with Turner Construction Sports, who spoke at Tuesday's meeting, said they estimate building the stadium would cost about $43 million, including design and construction, demolition of City Hall and a pedestrian crossing connection.
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