State likely to fall short on Saints payment

Halo · 02-02-2005, 11:52 AM

http://www.nola.com/news/t-p/capital...9343315960.xml

Hotel-motel tax collections are less than needed

David Weidler, the Superdome's senior director of finance and administration, said hotel tax collections totaled $20.16 million through November, compared with slightly more than $16 million collected through the same period in 2003. A portion of the taxes are a major source of financing the Saints' 10-year, $186 million deal, struck in 2001 by Saints owner Tom Benson and then-Gov. Mike Foster to keep the National Football League team in the state.

02-02-2005, 11:52 AM	#1
Halo Site Donor MONTHLY Join Date: May 2002 Location: New Orleans, LA Posts: 20,250 Blog Entries: 45	State likely to fall short on Saints payment http://www.nola.com/news/t-p/capital...9343315960.xml Hotel-motel tax collections are less than needed David Weidler, the Superdome's senior director of finance and administration, said hotel tax collections totaled $20.16 million through November, compared with slightly more than $16 million collected through the same period in 2003. A portion of the taxes are a major source of financing the Saints' 10-year, $186 million deal, struck in 2001 by Saints owner Tom Benson and then-Gov. Mike Foster to keep the National Football League team in the state.