hotel occupancy tax

Major facilities in discussion for the district include the Spurs arena on the site of the Institute of Texan Cultures, a land bridge over IH-37 connecting the East Side to downtown, expansions to both the Henry B. Gonzalez Convention Center and the Alamodome, the addition of a new Convention Center hotel, a live entertainment venue in the John Woods Courthouse, and roughly 50 acres of mixed use residential and commercial development.

The organization "Visit San Antonio" reports the city's $15 billion leisure and hospitality industry continues its comeback from the pandemic. According to June hotel occupancy numbers, 69% of local rooms were full, compared to 73% in June of 2019, a non-pandemic year.

The Grand Hyatt is owned and operated by Hyatt. While the hotelier makes a guaranteed return on investment, the city is loaning tax dollars to pay off debt on its construction. Why? Because a city-run nonprofit is responsible for the debt, despite not owning the property.

A busted tourism industry, a flailing oil and gas sector and shuttered bars have led to a multibillion-dollar revenue shortfall for the state of Texas.The…

County and city leaders face tough decisions and multi-million dollar budget losses due to the coronavirus pandemic. Quarantine and shelter-in-place…