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: 20,894 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.

Thread Tools
Show Printable Version Email this Page
Display Modes
Switch to Linear Mode Switch to Hybrid Mode Threaded Mode