Building a Convention Center
Congratulations! You have just been appointed to your city council. You discover that a hot topic soon to be brought before the council is the construction of a convention center. Your initial research shows that several midsized cities are considering the construction of a convention center as a way of increasing economic activity including job creation. The challenge that these cities face is how to finance the convention center-projected costs are $100 million. Voters may resist a ballot to increase local taxes (either property or sales); however, there is the transient occupancy tax (TOT)-that consists of taxes paid by people at local hotels. However, that tax is already earmarked for various local charities-and as we know all good politicians want to get reelected. Therefor, voting against several worthy causes would not be popular.
Answer the above question and include references.
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