This means NO tax increase - no NEW taxes yet allows for the already being collected F&B tax to be adjusted so that NOT ALL of it goes towards the Charlotte Convention Center.
This was probably the most amicable solution, since Tillis has said "No" state taxes to be given to Richardson for Panther stadium renovations.
I would suggest that Wilmington and New Hanover County look at this deal. If the ROT collected pays for the CC mortgage then anything else should revert back to the County for beach funds.
The city should not be subsidizing the OPERATIONAL losses of the convention center, OR they should not after a set time frame like 5 years.
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