TITLE

Is Clark County missing the TID boat?

AUTHOR(S)
Kokunina, Eugenia
PUB. DATE
July 2008
SOURCE
Las Vegas Business Press (10712186);7/21/2008, Vol. 25 Issue 29, pP25
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the provisions to qualify for the Tourism Improvement District (TID) law of 2005. The entry notes that the TID law allows 75 percent of retail sales tax revenue to be retained to pay for infrastructure and project costs. It cites that Southern Nevada has not applied the TID law for its tourism development projects. It mentions that TID financing requires that developers should bring in new retail and entertainment businesses into the area, and show that a large portion of sales will come from outside visitors.
ACCESSION #
33908474

 

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