Dallas' Prop A would add to the city tourism tax to fund a new convention center and Fair Park improvements
The increased tax of 2% to anyone renting a hotel room in the city is expected to raise $1.5 billion in 30 years to repay the bonds used to fund the project.The Dallas Morning News reports
that 7% of the current tax goes to the city with the other 6% being handed over to the state. The additional tax would increase the city's cut to 9%. Supporters of the plan say bringing improvements to Fair Park and the convention center could create more than 50,000 jobs and"bring our beloved Fair Park into the 21st century with $300 million worth of renovations and repairs, double the capacity and expected revenue of the KBHCCD with a $1.2 billion investment in the expansion, and ensure that we draw the very best A-list performers, events and conventions to these reimagined and improved venues.
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