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TDVA action on TOT bonding doubtful for Wednesday meeting

by Sally J. Taylor

WHO: Tahoe-Douglas Visitors Authority

WHAT: Possible discussion on bonding of room tax revenue for Kahle

Park Phase II

WHEN: Wednesday, 6 p.m.

WHERE: Douglas County Administrative Building, Stateline

The board of the Tahoe-Douglas Visitors Authority may not have

enough information by its Wednesday meeting to take a position

on the Douglas County Board of Commissioner’s proposal to bond

room tax revenue to pay for Phase Two construction of Kahle Park.

A meeting with representatives of the two organizations to clarify

the proposal will occur just a few hours before the 6 p.m. TDVA

meeting.

Although the discussion is on the TDVA agenda, that’s probably

too quick for the board to consider the information and take a

stance during its meeting, said Steve Teshara, the executive director

of the Lake Tahoe Gaming Alliance and staff-member for the TDVA.

During the Jan. 14 TDVA meeting, board members voiced support

for the park’s completion, but expressed concern for the precedent

of bonding room tax money intended for tourism promotions to use

for capital improvements.

Before taking a position, the board members asked for more information

on just what portion of the Transient Occupancy Tax was proposed

for bonding and how much would be diverted from tourism promotions.

With that information, the financial impact on future marketing

revenue could more accurately be determined.

Teshara expects the issue to be addressed during the Feb. 11 meeting.

In other business on the agenda for Wednesday, the TDVA board

will consider contracting with Patterson, Rush & Company to provide

accounting services for the organization.

With that in place, the board is expected to formally ask the

county to release funds earmarked for the organization from the

1 percent room tax increase that took effect in October.

The room tax increase and the TDVA were created by the Nevada

Legislature though AB616. The bill also requires, beginning in

1999, that up to 65 percent of room tax money previously used

for Douglas County services be gradually transferred to tourism

promotions.

For more information on the TDVA meeting, call (702) 588-2488.


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