“I want to see this city, county, BJCC and all government entities continue to work together—like they did to build Protective Stadium and renovate Legacy Arena—to move the region forward,” said Birmingham City Councilor Hunter Williams.
, the huge live entertainment company that would operate the facility under a management agreement—along with a $30 million bond.
The project, however, hinges on the ability of the BJCC and the Greater Birmingham Convention & Visitors Bureau to come to an agreement that the CVB would relinquish hotel tax payments provided to it by the BJCC under an earmark agreement conceived after state lawmakers passed legislation in 2003 allowing the BJCC to capture payment in lieu of tax from the Sheraton to fund capital investments that support entertainment tourism.
“What the BJCC is attempting to do is to reclaim those PILOTS from the Sheraton Hotel and the Westin hotel, just those two hotels that are on the BJCC campus, and utilize those funds to fund the shortfall in debt service payments for the amphitheater,” Stephens said., “urge” CVB President/CEO John Oros to “support a proposal to redirect a certain portion of lodging tax funds to help finance this important project.
“I want to see this city, county, BJCC and all government entities continue to work together—like they did to build Protective Stadium and renovate Legacy Arena—to move the region forward,” says City Councilor Hunter Williams. “This is another example of how to do that without any taxation, and it’s something the CVB has the opportunity to support, which furthers its mission of promoting economic development and tourism for the region.
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