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[Seattle Times] 15 years after moving Sonics, now it’s the Thunder asking for publicly funded arena (www.seattletimes.com)

submitted 1 year ago by Attention4Sale@alien.top to c/nba@nba.space

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[–] Byzantinenova@alien.top 1 points 1 year ago

What you dont get is most cities have a hotel tax of % of each hotel room/night. The more people these venues attract to the city the more money the government collects.

This money is then used by the city to re invest into events etc.

The other thing is when you bring people to the city you also have people spending money at local businesses/restaurants.

Eg New York

Each room night is charged New York State tax of 8.875%, a New York City tax of 5.875%, a New York City Occupancy Tax of $4.00, and a New York State hotel unit fee of $1.50.