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Risk and reality in public headquarters hotel development.(publicly financed convention center hotels)(Editorial)

Government Finance Review

| June 01, 2004 | Sanders, Heywood | COPYRIGHT 2004 Government Finance Officers Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Editor's note: In February 2002, Government Finance Review published an article entitled "Tax-Exempt Hotel Financing: A Primer for Finance Officers. This article presents a different perspective on this issue.

In recent years, a number of cities have directly financed the development of hotels intended to serve local convention centers. Many other cities are now in various stages of planning and constructing such facilities, including Baltimore, Columbia (South Carolina), Dallas, Denver, Osceola County (Florida), Phoenix. Portland, Raleigh, San Antonio, Syracuse, and Washington, D.C. These public hotel developments have moved beyond the historic public-private ...

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