Pg 121
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............
Tom
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
http://www.wilmingtonnc.gov/Portals/0/documents/Finance/Financial%20Repo...
Pg 121
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............
Vog