You let them off way too easy.
The wilmington share of the Room Occupancy tax is $2M (Unless you're figuring "the split".
But its costing way more than that
Expenses compared to revenue ($5,436,646)
They had to transfer out of the Special Purpose fund $5,292,990 to make the Convention Center look "better".
The Convention Center Fund is a "PART" of the Special Purpose Fund
But in any event.
I wonder about "dredging" the river versus beach sand re nourishment.
I can see that having our own entity to re nourish beaches and dredge the river might make sense............
More information about formatting options