Metro wants to tap tourism fund for HQ hotel

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Thursday, June 20, 2013

Metro officials are considering redistributing money from a tourism fund to win support for a headquarters hotel at the Oregon Convention Center.

Metro President Tom Hughes says the intergovernmental agreement that established the Visitor Development Fund must be amended to help finance the $180 million hotel project. According to Hughes, changes to the agreement could provide new sources of revenue to the city and county for tourism-related programs.

Opponents of the hotel project worry that amending the agreement could put taxpayers at risk, however. They say the current proposal — which includes a privately owned hotel — could leave Metro holding the bag if occupancy is below expectations.

Read more at The Portland Tribune.

{biztweet}matro hotel portland{/biztweet}

 

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