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What happens if the visitor fees do not generate enough to cover the bonds? Will taxpayers be at risk?

April 26, 2017bonds cover fees happens risk taxpayers Visitor

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What happens if the visitor fees do not generate enough to cover the bonds? Will taxpayers be at risk?

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No, the Mayor has made it clear to that no property taxes will be used to cover the cost of the facility. The facility will funded through the use of revenue bonds, not general obligation bonds that are backed by property taxes.